Earnings boost for Dr Reddy's Lab post Haleon deal
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US. DRL will pay a total consideration of £500 million, including an upfront cash consideration of £458 million and contingent cash payments up to £42 million based on performances in CY25 and CY26. DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm. https://www.rediff.com/business/report/earnings-boost-for-dr-reddys-lab-post-consumer-healthcare-acquisition/20240708.htm