Morgan Lewis Helps Perrigo Fetch Pet Care Co. For $285M

Law360, New York (September 13, 2012, 6:33 PM EDT) -- Michigan drugmaker Perrigo Co. on Thursday said it’s snapping up Nebraska-based Sergeant’s Pet Care Products Inc. from Dallas private equity firm Sowell & Co. for $285 million, an all-cash deal that sends the company’s sizable over-the-counter medicine presence into a furry new realm.

After various tax savings over the next 15 years are thrown in, the transaction should cost about $235 million, something Perrigo cast as a good value given revenues at Sergeant that this year are estimated at $140 million.

In addition, it adds several...
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