NEW YORK, July 28, 2011: On July 26, Perrigo Company (Perrigo) announced that it closed the acquisition of substantially all the assets of Paddock Laboratories, a transaction valued at approximately $540 million in cash.
Morgan Lewis advised Perrigo on the transaction and subsequently on the Federal Trade Commission's (FTC) antitrust review of the matter and the related FTC settlement (see Decision and Order). The team consisted of Antitrust partners Scott Stempel and Harry Robins and associates David Brenneman, Aaron Hewitt and Sarah Rabinovici.