Zydus Beats Garda with $166 Million All-Cash Takeover of Assertio
Zydus will buy Assertio for $166.4M, paying $23.50/share, giving shareholders more value and taking the company private.
Zydus will buy Assertio for $166.4M, paying $23.50/share, giving shareholders more value and taking the company private.
Garda raised bid to $21.80/share cash to buy Assertio, boosting stock ~17%. Deal gives shareholders higher, certain payout.
Assertio is being bought by Garda for $18/share + possible bonus if Sprix hits goals; deal closes June 2026, company goes private.