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| Acquiring Party | Reckitt Benckiser Group plc (LSE:RB.L), a large European manufacturer of household, health and personal care products. |
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| Transferring Party | Adams Respiratory Therapeutics Inc (NASDAQ: ARXT), a specialty pharmaceutical company focused on over-the-counter and prescription pharmaceuticals for the treatment of respiratory disorders. |
| Sector | Biopharmaceuticals |
| Date | January 31, 2008 |
| Analysis Adds to Reckit's healthcare expansion, especially with a US focus. In 06 it bought Boots' Nurofen pain killers and Strepsil throat lozenges. Adams markets two OTC cough treatments, Mucinex and Delsym, in the U.S. Adams' net sales have grown from $14m in '03 to $332m in '07. Deal value - $2.3b. Adam's pretax income was $46m. | |
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason. | |