Drugs & Pharmaceuticals M&A » By The Online Investor Staff, updated Tue., Feb. 7, 10:25 AM
Recent mergers and acquisitions in the Drugs & Pharmaceuticals M&A category.
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Slide #85. Perrigo Company — Elan Corporation, plc
Acquirer:
Perrigo Company (PRGO)
Acquiree:
Elan Corporation, plc (ELN)
Details:
Perrigo Company (NYSE:PRGO), a leading global provider of quality, affordable healthcare products ("Perrigo") and Elan Corporation, plc (NYSE:ELN) ("Elan"), a leading biotechnology company headquartered in Ireland, today announced that, following a formal sale process conducted by Elan, Perrigo and Elan have entered into a definitive agreement (the "Transaction Agreement") under which Elan will be acquired by a new holding company incorporated in Ireland ("New Perrigo"). The cash and stock transaction, which is valued at approximately US$8.6 billion based on the closing price of Perrigo shares on 26 July 2013 (US$6.7 billion excluding Elan's cash on hand), will create a global healthcare company with an industry-leading growth profile and the geographic scale and scope to continue building a truly differentiated business.
Perrigo is a provider of over-the-counter health and wellness solutions that can be self-managed. Co.'s segments are as follows: Consumer Self-Care Americas, which is focused primarily on the sale of self-care products in categories including upper respiratory, pain and sleep-aids, digestive health, nutrition, vitamins, minerals and supplements; Consumer Self-Care International, which develops, manufactures, markets, and distributes European consumer self-care brands in the upper respiratory, pain and sleep-aids, digestive health, vitamins, minerals and supplements; and Prescription Pharmaceuticals, which develops, manufactures, and markets a portfolio of generic prescription drugs.
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Perrigo is a provider of over-the-counter health and wellness solutions that can be self-managed. Co.'s segments are as follows: Consumer Self-Care Americas, which is focused primarily on the sale of self-care products in categories including upper respiratory, pain and sleep-aids, digestive health, nutrition, vitamins, minerals and supplements; Consumer Self-Care International, which develops, manufactures, markets, and distributes European consumer self-care brands in the upper respiratory, pain and sleep-aids, digestive health, vitamins, minerals and supplements; and Prescription Pharmaceuticals, which develops, manufactures, and markets a portfolio of generic prescription drugs.
PRGO SEC Filing Email Alerts Service
Open the ELN Page at The Online Investor »
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