Perrigo (PRGO) Receives FTC Questions in Proposed Paddock Labs Acquisition
Tweet
Share
E-mailGet Alerts PRGO Hot Sheet
Up)Join SI Premium – FREE
Perrigo Company (Nasdaq: PRGO) announced that it continues to work to finalize the regulatory approvals necessary to complete the acquisition of Paddock Laboratories, Inc.
Commenting, CEO Joe Papa said, "...We have recently received a few additional questions from the Federal Trade Commission Staff and the Parties are working collaboratively with the Staff to answer these questions so that the FTC may conclude its review. Since the close will now happen in our fiscal year 2012, we expect to incur $0.20 of deal-related intangible amortization and $0.15 of other acquisition-related costs, making it approximately $0.10 dilutive to GAAP earnings per share. Perrigo's stated goal of Return on Invested Capital accretion is expected to be achieved in fiscal 2013..."
Commenting, CEO Joe Papa said, "...We have recently received a few additional questions from the Federal Trade Commission Staff and the Parties are working collaboratively with the Staff to answer these questions so that the FTC may conclude its review. Since the close will now happen in our fiscal year 2012, we expect to incur $0.20 of deal-related intangible amortization and $0.15 of other acquisition-related costs, making it approximately $0.10 dilutive to GAAP earnings per share. Perrigo's stated goal of Return on Invested Capital accretion is expected to be achieved in fiscal 2013..."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- Data I/o Corp (DAIO) Misses Q2 EPS by 7c
- Paramount Global (PARA) and Skydance are closer to a merger - CNBC
Create E-mail Alert Related Categories
Corporate News, Mergers and AcquisitionsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
