Menu

Zydus to acquire US-based Assertio for $166.4 million
📰
0

Zydus to acquire US-based Assertio for $166.4 million

The Indian Express·Express News Service·19 days ago
#4kaVq6ja
Reading 0:00
15s threshold

Zydus Worldwide DMCC, a subsidiary of the company, has signed a definitive agreement, through its wholly-owned acquisition arm Zara Merger Sub Inc, with Assertio Holdings Inc to acquire all outstanding shares of Assertio for USD 23.50 per share in cash, Zydus Lifesciences Ltd said in a statement. Ahmedabad-based Zydus Lifesciences on Wednesday said it will acquire US-based pharma firm Assertio Holdings for a total consideration of USD 166.4 million (approximately Rs 1,590 crore). Zydus Worldwide DMCC, a subsidiary of the company, has signed a definitive agreement, through its wholly-owned acquisition arm Zara Merger Sub Inc, with Assertio Holdings Inc to acquire all outstanding shares of Assertio for USD 23.50 per share in cash, Zydus Lifesciences Ltd said in a statement. A statement from Zydus on Wednesday said, “The acquisition provides Zydus with an established US specialty oncology commercial platform, anchored by Assertio’s presence in oncology supportive care.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More