Perrigo down 9% | PRGO Message Board Posts


Perrigo Company

  PRGO website

PRGO   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  2305 of 2315  at  4/30/2019 3:17:45 PM  by

RAKOF_98


Perrigo down 9%

  

Perrigo down 9% premarket on $843M IRS bill

|About: Perrigo Company plc (PRGO)|By:, SA News Editor 

The IRS says Perrigo (NYSE:PRGO) owes it a tidy $843M for additional taxes owed from its acquisition of Elan in December 2013 plus a 40% penalty.

The audit relates to Athena Neurosciences, acquired by a U.S. subsidiary of Elan in 1996, for the tax years 2011 - 2013.

Perrigo disagrees with the IRS, claiming that the original transfer pricing methodology was appropriate and no penalty should apply. It intends to pursue all available remedies to address the situation.

Shares are down 9% premarket on light volume.



     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 1  
   Views: 156 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board




Financial Market Data provided by
.
Loading...