Securities Exchange Act of 1934
February 18, 2015
Response of the Office of Chief Counsel
Division of Corporation Finance
Incoming letter dated February 12, 2015
Based on the facts presented, the Division's views are as follows. Capitalized terms have the same meanings as defined in your letter.
- The Transaction will constitute a "succession" for the purposes of Rule 12g-3(a) under the Exchange Act and New Mylan will be a "large accelerated filer" for purposes of Rule 12b-2 under the Exchange Act.
- After consummation of the Transaction and before New Mylan files its first annual report on Form 10-K after the Transaction, it may use Form S-8 to register the securities covered by the New Mylan Plan and any new benefit plans, stock option plans or stock incentive plans of New Mylan.
- New Mylan may take into account Mylan's reporting history under the Exchange Act in determining its eligibility to use Form S-3. Mylan's reporting history under the Exchange Act may also be used in determining whether New Mylan "meets the requirements for use of Form S-3" within the meaning of Form S-4.
- Mylan's Exchange Act reporting history may be taken into account when determining New Mylan's compliance with the current public information requirements of Rule 144(c)(1) under the Securities Act.
- New Mylan may be treated as an issuer subject to the reporting requirements of the Exchange Act for purposes of the Securities Act Rule 174(b) exemption from the prospectus delivery requirements of Securities Act Section 4(a)(3).
Our positions are based on the representations made to the Division in your letter. Different facts or conditions might require different conclusions.
Michael J. Reedich
The Incoming Letter is in Acrobat format.