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STADA Arzneimittel AG (STAGn.DE) Buys OTC Manufacturer Thornton & Ross for $343 Million



8/19/2013 7:21:48 AM

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German pharmaceutical and healthcare company STADA Arzneimittel AG (STDAY.PK,STDAF.PK) on Friday said that it has signed and concluded a contract for the purchase of British OTC manufacturer Thornton & Ross. The purchase price amounts to 221.12 million pounds or about 259.22 million euros. This corresponds to 193 million pounds or about 226 million euros on a so-called cash and debt-free basis, the company noted.

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