Emma Asma Cornwall
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Emma Asma Cornwall in Mergers & Acquisitions,

Mylan is about to lose Perrigo

With today's deadline looming, Mylan is about to lose its $26B hostile bid for Perrigo, according to The Wall Street Journal. Mylan's been trying to go through with the deal for 7 months.

From technical point of view, there's a rounding top on daily chart, and considering potential bad news the stock might have a nasty drop..