Perrigo and PBM Holdings Announce Definitive Merge Agreement

Skadden is representing PBM Holdings, Inc., which announced a definitive merger agreement on March 23, to be acquired by Perrigo Company for approximately $808 million in cash. Privately held PBM specializes in manufacturing, distributing and marketing consumer food, nutritional and pharmaceutical products. The company is the world’s largest manufacturer and marketer of infant formulas for the store brand market. Perrigo develops, manufactures and distributes over-the-counter and generic prescription pharmaceuticals, nutritional and other products.