Perrigo to acquire Ranir Global Holdings in $750 million all-cash deal as part of transformation strategy [MarketWatch]
PetIQ, Inc. - Class A (PETQ)
Last petiq, inc. - class a earnings: 3/10 04:05 pm
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Source: MarketWatch
Perrigo to acquire Ranir Global Holdings in $750 million all-cash deal as part of transformation strategy Perrigo Co. PRGO, +4.82% said Thursday that it has reached an agreement to acquire privately-held oral care company Ranir Global Holdings LLC in a $750 million all-cash deal, or $685 million including cash tax benefits. The announcement is part of a transformation strategy that the self-care company unveiled during its investor day event. Ranir's portfolio includes more than 300 oral care items including manual toothbrushes, floss and dentures. The deal is expected to be about 10 cents per share accretive to 2019 adjusted earnings based on a third-quarter closing. The move is part of Perrigo's strategy to grow in self-care adjacent areas of business, according to a statement from Chief Executive Murray Kessler. Ranir has 650 employees and generated $287 million in net sales in 2018. Annual operating synergies between the two companies are expected to be about $10 million by 202
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PETQ
News
- 10 Stocks Hedge Funds Are Talking About [Yahoo! Finance]Yahoo! Finance
- Is PetIQ (PETQ) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- PetIQ, Inc. to Report First Quarter 2024 Financial Results on Wednesday, May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- PetIQ, Inc. to Report First Quarter 2024 Financial Results on Wednesday, May 8, 2024GlobeNewswire
- White Brook Capital - PetIQ: Guidance And Street Estimates Are Too Conservative [Seeking Alpha]Seeking Alpha
PETQ
Earnings
- 2/28/24 - Beat
PETQ
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- PETQ's page on the SEC website