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5 MILLION SHARES OF PERRIGO COMPANY STOCK OFFERED AT $32 PER SHARE

5 MILLION SHARES OF PERRIGO COMPANY STOCK OFFERED AT $32 PER SHARE
 ALLEGAN, Mich., Sept. 30 /PRNewswire/ -- The Perrigo Company (NASDAQ-NMS: PRGO) announced today its public offering of 5 million shares of Common Stock at $32 per share. All of the shares will be offered by certain selling shareholders, with approximately one-half of the shares offered on behalf of The Hillman Company. None of the proceeds from the sale of Common Stock will go to the company.
 Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc. are acting as co-managers oftional 750,000 shares.
 Perrigo Company is the nation's largest manufacturer of over-the- counter (non-prescription) pharmaceuticals and personal care products for the store brand market. Store brand products are sold under a retailer's own label and compete with nationally advertised brand-name products. The company's customers are major national and regional retail drugstore, supermarket and mass merchandise chains and major wholesalers. The company's products include over-the-counter pharmaceuticals (such as analgesics, cough and cold remedies, antacids, laxatives, suppositories and diet products), personal care products (such as toothpaste and mouthwash, hair care products, deodorants and antiperspirants, baby care products, and skin care and sun care products) and vitamins.
 A copy of the prospectus relating to this offering can be obtained from Morgan Stanley & Co. Incorporated, 1251 Avenue of the Americas, New York, NY 10020, Attention: Syndicate Operations.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 09/30/92
 CONTACT: Thomas J. Ross, director of Investor Relations, Perrigo Company, 616-673-9125 or 616-673-8451
 (PRGO) CO: PERRIGO COMPANY IN: MTC SU: OFR ST: MI -- DE005 -- X330 09/30/92
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 30, 1992
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