Perrigo agrees to sell infant formula business to MeridianMade for up to $175 million
Bitget2026/10/29 13:04- Perrigo agreed to sell its infant formula business to MeridianMade for up to $175 million.
- Terms include $40 million cash at closing, with up to $135 million tied to performance milestones through 2030.
- Closing is expected in the first half of 2027.
- A non-cash impairment charge of $275 million to $375 million is expected in the fourth quarter of 2026.
- The sale is expected to improve margins, reduce future capital spending and sharpen the focus on consumer self-care products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barrick’s Marquee gold project faces hazy study timing
Japanese and South Korean stock markets open
Marvell Technology (MRVL.US) $115 billion "merger of the century" faces lukewarm reception! Stock has dropped over 40%, experts estimate only a 50% chance of completion
Marvell plans to acquire Lamington for 115 billions USD to strengthen its position in AI, but the probability of completion is only 50%. The two stocks have dropped by nearly 40% and about 35% respectively, with Chinese regulatory approval being the biggest uncertainty.
Crypto prices
More
