| Plethico Pharma to buy US-based Natrol |
| BS Reporter / Mumbai November 19, 2007 |
| Plethico Pharmaceuticals has signed an agreement to acquire Natrol, a US-based manufacturer and marketer of nutritional products, for $80.7 million. Under the terms of the agreement, all outstanding Natrol shares will be acquired for a cash price of $4.40 per share, totaling to around $80.7 million, the Indore-based pharmaceutical company said in a release issued to the BSE today. The acquisition will be made through a wholly-owned subsidiary of Plethico. Shashikant A Patel, chairman & managing director, Plethico, said: |
