(Allegan, MI - WHTC News) - Perrigo officials yesterday explained to shareholders the rationale behind an 808 million-dollar deal to acquire Virginia-based baby food maker PBM Holdings. The Allegan-based generic pharmaceutical company is borrowing up to 350 million in closing the deal by the end of June. PBM generates around 300 million dollars in sales annually from its store-brand Bright Beginnings versions of brand-name products such as Enfamil.
-Gary Stevens, WHTC/WYVN News
