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New Deal


Announced

Prestige Consumer Healthcare to acquire the consumer health business of Akorn Operating Company for $230m.

Financials

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Transaction Value£162m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

Pending

Majority

United States

Pharmaceuticals

Acquisition

pharmaceutical company

Private

consumer health

Domestic

Synopsis

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Prestige Consumer Healthcare, an American company that markets and distributes over-the-counter healthcare and household cleaning products, agreed to acquire the consumer health business of Akorn Operating Company, a specialty pharmaceutical company, for $230m. "The sale of the Consumer Health business enables us to optimize our core prescription drug portfolio and enhances our capacity to make growth oriented investments" Douglas Boothe, Akorn President and CEO.

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