Perrigo sells generic business to Altaris Capital Partners for $ 1.55 billion

Perrigo sells generic business to Altaris Capital Partners for $ 1.55 billion

Perrigo Co. Plc PRGO, -1.03%[announced Monday that it has agreed to sell its generic business to Altaris Capital Partners LLC for $ 1.55 billion, including $ 1.5 billion in cash. Altaris will assume more than $ 50 million in potential milestone payments and conditional purchase obligations with third-party Rx partners. The transaction is expected to close by the end of the third quarter. “This transaction makes Perrigo a global consumer personal care company with leading fundamentals,” Chief Executive Officer Murray S. Kessler said in a statement. “Perrigo Consumer Self-Care will have a focused portfolio with more than $ 4 billion in revenue focused on growing trends towards self-directed health and wellness.” Separately, Perrigo said he suffered a net loss of …
[saidMondayithasagreedtosellitsgenericbusinesstoAltarisCapitalPartnersLLCfor55billionincluding5billionincashAltariswillassumemoreplusde50millionsdedollarsenpaiementsd’étapepotentielsetenobligationsd’achatconditionnellesavecdespartenairesRxtiersL’opérationdevraitêtreconclued’icilafindutroisièmetrimestre«CettetransactionfaitdePerrigounesociétémondialedesoinspersonnelspourlesconsommateursdotéedeprincipesfondamentauxdepremierplan»adéclaréledirecteurgénéralMurraySKesslerdansuncommuniqué«PerrigoConsumerSelf-Caredisposerad’unportefeuillecibléavecplusde4milliardsdedollarsderevenusaxéssurlestendancescroissantesverslasantéetlebien-êtreautogérés»ParailleursPerrigoadéclaréqu’ilavaitsubiunepertenettede…

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