m_and_aconfidence high
Assertio to be acquired by Zydus for $23.50/share cash; terminates prior Garda deal
Assertio Holdings, Inc.
- All-cash tender offer of $23.50/share (~$166.4M total) by Zydus subsidiary.
- 75.8% premium to unaffected price (Mar 20, 2026); 30.6% above original Garda deal.
- Prior Garda agreement terminated; Garda paid $5.81M termination fee funded by Zydus.
- No financing contingency; guaranteed by Zydus entity; closing expected Q2 2026.
- Company to launch tender offer for $40M 6.50% Convertible Notes due 2027 concurrently.
item 1.01item 1.02item 7.01item 9.01
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