Perrigo Agrees to Sell Infant-Formula Business for Up to $175 Million
Perrigo said the deal includes $40 million in initial cash and up to $135 million tied to performance milestones.
By Elias SchisgallPerrigo agreed to sell its infant-formula business to MeridianMade for up to $175 million.The consumer products company said Thursday that the consideration includes an initial $40 million in cash, along with up to an additional $135 million tied to performance milestones through…