---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-059856"
form_type: "8-K"
ticker: "ASRT"
cik: "0001808665"
company_name: "Assertio Holdings, Inc."
filed_at: "2026-05-13T13:03:35+00:00"
generated_at: "2026-05-13T13:08:27.308757+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Assertio to be acquired by Zydus for $23.50/share cash; terminates prior Garda deal

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-059856
- form_type: 8-K
- ticker: ASRT
- cik: 0001808665
- company_name: Assertio Holdings, Inc.
- filed_at: 2026-05-13T13:03:35+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808665/000110465926059856/0001104659-26-059856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808665/000110465926059856/tm2611405d26_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-059856
- JSON: https://secwatch.observer/filing/0001104659-26-059856.json
- Plain text: https://secwatch.observer/filing/0001104659-26-059856.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808665/000110465926059856/0001104659-26-059856-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.