www.fdanews.com/articles/70155-mylan-s-biggest-holder-set-to-unload-shares
Mylan's Biggest Holder Set to Unload Shares
March 22, 2005
Billionaire financier Carl Icahn is about
to reclaim his crown as Mylan Laboratories'
largest shareholder. The current titleholder, hedge fund operator
Richard Perry,
disclosed recently that he intended to liquidate his 9.9 percent stake
in the
Canonsburg generic drugmaker now that Mylan has canceled plans to
acquire King
Pharmaceuticals. Perry purchased 26.6 million Mylan shares in order to
make
sure Mylan shareholders approved the King acquisition. Perry used
security-based
swap agreements to basically break even on his Mylan investment and
intended
to make money when Mylan purchased King's shares.
Post-Gazette