PRGO - Perrigo Company - Perrigo Company To Acquire Elan Corporation Transcript

    Company Name:Perrigo Company
    Event Title:Perrigo Company To Acquire Elan Corporation Transcript
    Event Date:29-Jul-2013
    Event Time:08:30 AM ET



    Good morning my name is Seneschall and I will be your conference operator today. At this time, I would like to welcome everyone to the Perrigo Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

    [Operator Instructions]. Thank you. I would now like to turn the call over to Mr. Art Shannon.

    Please go ahead sir.

    Arthur J. Shannon

    Vice President, Investor Relations
    Thank you Seneschall. Good morning everyone. Thank you for joining us to discuss Perrigo Company's acquisition of Elan Corporation.

    I hope you all had a chance to review our press release, which we issued earlier this morning. A copy of the press release is available on our website at and on Elan's website at Also on our website is the slide presentation for this call.

    Before we proceed with the call, I'd like to remind everyone that, during the process of this call, management will make certain forward-looking statements. Please refer to the important information for investors and shareholders and Safe Harbor language regarding these statements in our press release issued this morning and on slide two, three, four and five in the accompanying investor presentation. Under Irish takeover rules, we are under increased scrutiny between now and the close and for those of you who are custom to our regular and open communication and disclosure, this will be a change. So, please bare with us during this period.

    Following management review of the presentation, we will open up the call for questions from the audience.

    I would now like to turn the call over to Perrigo's Chairman and CEO, Joe Papa.

    Joseph C. Papa

    President, Chairman and Chief Executive Officer
    Thank you Arthur and welcome everyone to Perrigo's conference call announcing our acquisition of Elan Corporation, which will create an industry leading global healthcare company.

    I have the pleasure of introducing Perrigo's shareholders to Kelly Martin, Elan's Executive Director and CEO; and Nigel Clerkin Elan's Chief Financial Officer. Also joining us on the call today is Judy Brown, Perrigo's Chief Financial Officer.

    First, this is a really great day for both Perrigo and Elan employees, patients, customers and shareholders this transaction was unanimously approved by the Board of Directors of both companies and we are excited by the opportunities created through the combination of two great companies.

    This morning, I'd like to take the opportunity to introduce Elan shareholders to Perrigo, in our story and provide you with an overview on the rational for this acquisition . Next, Kelly will introduce Elan, Judy will then walk through the terms of the transaction and financials and then I'll wrap up before we open up before opening up the call for some questions.

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