Perrigo to sell infant formula business to MeridianMade for up to $175M

Perrigo is selling its infant formula business to MeridianMade for up to $175 million: $40 million in cash at closing plus up to $135 million contingent on performance milestones through 2030. The deal is expected to close in the first half of 2027, and Perrigo will refocus on consumer self-care products.

Detected & updated continuously · Source: Nebula