Perrigo acquires GSK products as Mylan hovers
This article was originally published in Scrip
Executive Summary
Irish-headquartered Perrigo, the subject of a recent unwilling takeover offer from Mylan, is to buy a portfolio of over-the-counter (OTC) brands from GlaxoSmithKline's Consumer Healthcare business. The deal is in connection with commitments that GSK made to the EC and other regulators ahead of the formation of the consumer health joint venture between GSK and Novartis, part of the mega asset swap deal that closed in February this year.