M&A - PERRIGO Co plc

Form Type: 8-K

Filing Date: 2025-07-14

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525158493

Filing Summary: On July 13, 2025, Perrigo Company plc entered into a Master Sale and Purchase Agreement with Kairos Bidco AB, an investment vehicle managed by KKR & Co., Inc. The agreement entails the sale of all shares in Aco Hud Nordic AB and various assets related to Perrigo's Dermacosmetics business in Northern Europe, the Netherlands, and Poland. The transaction is scheduled to close in the first quarter of 2026, pending customary conditions such as regulatory approvals. Perrigo is set to receive €300 million in cash at closing, with potential additional contingent cash of up to €27 million based on performance thresholds. The agreement includes customary representations and covenants, and allows for mutual termination if the deal doesn't close within 18 months.