Assertio Holdings Inc (NASDAQ: ASRT) recently announced it has reached a definitive acquisition agreement with Gardas.

According to the terms of the agreement, Gardas will acquire all outstanding shares of Assertio at a cash price of $18 per share, with a total transaction value of $125.1 million. The acquisition also includes Contingent Value Rights (CVR), offering shareholders the potential for additional benefits. This strategic acquisition is expected to integrate the strengths and resources of both companies, creating synergy effects. Upon completion of the transaction, Assertio will become a wholly owned subsidiary of Gardas and will continue to operate in its specialized field. The boards of directors of both parties have unanimously approved the transaction and are currently advancing the related regulatory approval processes as planned.