Morgan Lewis Reps Perrigo In $808M PBM Deal

Law360, New York (March 23, 2010, 6:06 PM EDT) -- Perrigo Co. said Tuesday it will gobble up baby food maker PBM Holdings Inc., the world's biggest manufacturer of store-brand infant formulas, for $808 million in cash.

Perrigo, perhaps most famous for its generic-drug products, said Tuesday the deal is expected to add $300 million to its bottom line within the first year of completion and expands the company's reach into "a substantial adjacent product category."

"We believe that PBM’s mission to provide families with high quality, state-of-the-art formulas at sensible prices complements perfectly Perrigo’s mission...
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