Simpson Thacher Represents JPM as Financial Advisor to Perrigo in its Acquisition of PBM
03.23.10
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The Firm is representing J.P. Morgan Securities Inc. as financial advisor to Perrigo Company in its acquisition of PBM Holdings, Inc. (PBM). Pursuant to the terms of the agreement, Perrigo will acquire 100% of the shares of PBM for approximately $808 million in cash. No PBM debt will be assumed in the transaction. The acquisition is expected to close in Perrigo’s fiscal 2010 fourth quarter pending regulatory approval.
Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients and consumer products.
PBM Holdings manufactures and distributes OTC store-brand infant formula and baby foods sold by leading retailers in the mass, club, grocery and drug channels in the United States, Canada, Mexico and China.
The Simpson Thacher team includes: Rob Spatt and Alfredo Porretti.