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Aceto to acquire Pack Pharmaceuticals for $100 million

6:42 AM MDT | March 27, 2014 | Deepti Ramesh

Aceto (Port Washington, NY) says that its wholly owned subsidiary Rising Pharmaceuticals (Allendale, NJ) has signed a definitive purchase agreement to acquire Pack Pharmaceuticals (Buffalo Grove, IL), a national marketer and distributor of generic prescription and OTC pharmaceutical products. The total transaction value is about $100 million, Aceto says. The purchase price includes an initial payment of about $80 million in cash and $5 million in Aceto stock. The agreement also provides for a three-year earn-out of up to $15 million in cash based on the...

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