logo
Plus   Neg
Share
Email

Perrigo To Buy Oral Care Assets Of High Ridge Brands For $113 Mln

Perrigo Company plc (PRGO) said that it agreed to buy the oral care assets of High Ridge Brands for $113 million in cash.

The acquisition is subject to bankruptcy court approval in connection with High Ridge Brands' chapter 11 cases as well as other customary closing conditions. The transaction is expected to close in the first quarter of 2020.

The Assets are expected to contribute more than $100 million in net sales and be accretive to Perrigo's adjusted earnings per share in first full-year post closing.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter Inc. on Friday unlocked the New York Post's Twitter account after a two-week stalemate over posting links to its reporting about Hunter Biden. Walmart has removed guns and ammunition from its store shelves in the U.S. as a precautionary measure following the unrest in Philadelphia after a Black man was fatally shot by police, according to reports. While the firearms will be available for purchase at the Walmart stores, customers will be required to specifically request for them. Regeneron Pharmaceuticals Inc. (REGN) said Friday that the independent data monitoring committee or IDMC for the REGN-COV2 antibody cocktail treatment trials for COVID-19 has recommended to hold further enrollment in hospitalized patients requiring high-flow oxygen or mechanical ventilation.
Follow RTT