Plus   Neg

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
Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its first-quarter operating profit will increase about 2.73 percent from last year, sales will also increase 4.98 percent. JPMorgan Chase CEO Jamie Dimon said it expects the bank's earnings to be "down meaningfully" in 2020 due to the disruptions created by coronavirus pandemic. He also noted that the U.S. was not adequately prepared for the pandemic. In his annual letter to the company's shareholders, Dimon said that the bank's board may consider suspending the dividend in an extremely adverse scenario. The U.S. Food and Drug Administration launched a national effort to facilitate the development of blood-related therapies to combat the ongoing coronavirus (COVID-19) pandemic. The FDA is focused on two investigational therapies derived from human blood called convalescent plasma and hyperimmune globulin, which are antibody-rich blood products made from blood donated by people who have recovered.
Follow RTT