This article was originally published in The Tan Sheet
Enters definitive agreement to acquire all of the issued and outstanding shares of Gerber common stock at $53 per share in cash, for a total purchase price of approximately $3.7 bil. Sandoz will commence a tender offer for all outstanding shares of Gerber common stock at $53 per share in cash on or before May 27. Sandoz said the acquisition "furthers our long-term commitment to building a high quality worldwide nutrition business" and noted that it is looking for "high value-added nutritional products with market leadership positions to add to our portfolio." Gerber is the leading baby food company in the U.S., Sandoz said
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