m_and_a
confidence high
sentiment positive
materiality 1.00
Assertio to be acquired by Zydus Worldwide for $23.50 per share in cash
Assertio Holdings, Inc.
- Zydus Worldwide DMCC will acquire Assertio via tender offer at $23.50/share cash, followed by a merger.
- Tender offer commences May 18, 2026; closing subject to tender of majority of shares and regulatory approvals.
- Parent waived requirement for Assertio to commence a Note Offer for its 6.50% Convertible Senior Notes due 2027.
- Convertible Note holders will gain repurchase and conversion rights upon the fundamental change triggered by the merger.
item 8.01