BUZZ-Perrigo Co Plc: Set to open at lowest in 3 yrs

Mon Apr 25, 2016 8:57am EDT
 
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** Dublin-based drugmaker Perrigo's shares down 8 pct at $112.01 premarket; Set to open at lowest level in more than 3 years

** Company lowers FY 2016 adj profit forecast to $8.20-$8.60, from $9.50-$9.80

** Company CEO and Chairman Joseph Papa resigns; John Hendrickson named as new CEO

** Valeant Pharmaceuticals International Inc names Papa as its new CEO; Papa expected to join the company by early May

** Valeant's U.S.-listed shares up 4.2 pct at $37.50

** Perrigo also says it has identified indicators of impairment related to its Branded Consumer Healthcare business

** Company in process of assessing whether and to what extent an impairment exists; expects to complete its assessment by May 12

** Up to Friday's close, Perrigo's stock had fallen 16 pct this year