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$600 million for almost 20 OTC brands.
December 22, 2011
By: TOM BRANNA
Editor
In its largest acquisition ever, Prestige Brands Holdings Inc. will pay British drugmaker GlaxoSmithKline PLC $660 million cash for a group of over-the-counter pharmaceutical brands including Beano and Tagamet, according to reports The Irvington, N.Y. company is also buying pain relievers BC, Goody’s and Ecotrin, gastrointestinal brands Beano, Gaviscon, Phazyme, Tagamet and Fiber Choice, and Sominex sleep aids — 17 brands in all, said the report. With this deal and several other recent ...
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