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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Assertio Holdings, Inc. entered into Merger Agreement with Zydus Worldwide DMCC valued at $23.50 per share (effective 2026-05-13).

Action: entry
Agreement: merger
Counterparty: Zydus Worldwide DMCC
Value: $23.50 per share
Effective: 2026-05-13

Exact text from the filing

On May 13, 2026, Assertio Holdings, Inc. (the “ Company ” or “ Assertio ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Zydus Worldwide DMCC

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Assertio Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-059856

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