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Perrigo sells generics division for $1.55b to Altaris


Perrigo sells generics division for $1.55b to Altaris
Perrigo will now have no activities in Israel. The sale threatens 850 jobs in the Negev and the company might delist from the TASE.
Perrigo Company (NYSE:PRGO; TASE:PRGO) announced today that it has reached a definitive agreement to sell its Generic Rx Pharmaceuticals business to Altaris Capital Partners LLC for $1.55 billion, including $1.5 billion in cash. As part of the consideration, Altaris will also assume more than $50 million in potential R&D milestone payments and contingent purchase obligations with third-party Rx partners. The deal will be completed in the third quarter. In the past there were estimates that Perrigo s generic activities were worth between $2 and $2.5 billion. ....

Tel Aviv , Mori Arkin Chemagis , Garikai Nyaruwata , Murrays Kessler , Altaris Capital Partners , Generic Rx Pharmaceuticals , Perrigo Company , Tel Aviv Stock Exchange , Mori Arkin , Consumer Self Care , தொலைபேசி அவிவ் , கொலைகள் கெஸ்லர் , ஜெநெரிக் ர்க்ஸ் மருந்துகள் , பெற்ரிகோ நிறுவனம் , தொலைபேசி அவிவ் ஸ்டாக் பரிமாற்றம் , மோரி அருகின் , நுகர்வோர் சுய பராமரிப்பு ,