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Plethico Pharma to buy US-based Natrol

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BS Reporter Mumbai
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:

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First Published: Nov 19 2007 | 11:31 AM IST

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