acquisition

ICCF

Inner City Christian Federation has closed on the purchase of 177 properties with 150 of those single-family homes located in Greater Grand Rapids and Wyoming. As ICCF leadership explains the acquisition is one way to preserve affordable housing at a time when rents and home prices are quickly climbing.

“We are excited to be a part of preserving the affordability of housing in our community.”

Ryan VerWys is President and CEO of Inner City Christian Federation.

www.industryweek.com

The hostile takeover bid of Allegan-based Perrigo by a major pharmaceutical company was rejected Thursday.

Perrigo’s Board of Directors unanimously rejected Mylan’s unsolicited offer to acquire the company. The board recommends shareholders do the same. A letter from Chairman and CEO Joe Papa reads, “I strongly urge you to protect your investment in Perrigo and NOT tender your shares into Mylan's inadequate offer.”