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Perrigo CEO defends Elan acquisition

05:05 EDT 30 Jul 2013 | SCRIP

In a conference call later in the day, Perrigo's CEO Joseph Papa presented his rationale for the transaction. However, the markets were unconvinced. Perrigo's shares closed 7% down on 29 July at $125.17. Elan's shares, meanwhile, closed 4% up at $15....

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