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Perrigo CEO Still Pursuing Deals Amid Takeover Feud With Mylan

Perrigo Co. Chief Executive Officer Joe Papa is pursuing deals of his own despite the cloud of a hostile takeover by Mylan NV hanging over his head.

“We, as a company, are very active in M&A,” the head of the over-the-counter drug maker said in a phone interview. “We’re going to continue to do more deals.”

Acquisitions in the $100 million to $1 billion range are a distinct possibility, he said. “It doesn’t mean we won’t look at even larger transactions.”

Papa is seeking to convince shareholders that Perrigo’s prospects are better as a stand-alone company than they would be by accepting a takeover offer of about $33 billion from generic drugmaker Mylan. He’s focusing instead on...