5Mylan Thwarted in Hostile Takeover of PerrigoAnswer briefly the following questions (Total 30 points, each question 3 points)1. What was Perrigo’s main line of defence against Mylan? Why was so much reliance given to this tactic? Speculate as to why shareholders accepted Perrigo’s board and management’s arguments.
2. How did corporate inversions undertaken by each firm impact the outcome of the hostile takeoverattempt?
3. Identify the takeover tactics and defences employed by Mylan and Perrigo, respectively. Explain why each may have been used.
4. What does the reaction of investors to the breakup of the deal tell you about what they were thinking?