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AUROBINDO PHARMA Co says “Proceeds from Natrol’s divestiture will be used to reduce debt and other new strategic initiatives.”
AUROBINDO PHARMA To dispose off business assets of Natrol LLC, a step down subsidiary in the USA to New Mountain capital Consideration at $550mn, The transaction is expected to close by January 2021 Alert: Company had bought the company in 2014 at $132.5mn
Dr Reddy's Laboratories | LIC cut stake in the company to 1.59 percent from 3.62 percent via market sale.
#JustIn | New Mountain Capital to acquire Natrol from Aurobindo Pharma (From Agencies)
Aurobindo Pharma’s arm enters into an agreement with New Mountain Capital LLC, NY & its affiliate Jarrow Formulas to dispose of its business assets as a going concern with related assets, liabilities, products, brands and employees.
Aurobindo Pharma to sell subsidiary Natrol LLC to New Mountain Capital for $550 mn as per exchange filings
AUROPHARMA - Disposal Of Business Assets Of Natrol LLC, A Wholly Owned Step-Down Subsidiary In USA.
#Drreddy Bulls may be waiting it to close above 5110. Below this level, bears would have upper hand. (Short term)
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