secwatch.observer — SEC 8-K summary
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Issuer:     Assertio Holdings, Inc. (ASRT)
CIK:        0001808665
Form:       8-K
Filed at:   2026-05-13T13:03:35+00:00
Accession:  0001104659-26-059856
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808665/000110465926059856/0001104659-26-059856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808665/000110465926059856/tm2611405d26_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-059856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer