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Catalent to buy Cook Pharmica for $950 mln

Sept 19 (Reuters) - U.S. drug delivery technology company Catalent Inc said on Tuesday it would buy privately Held Cook Pharmica LLC for $950 million in cash.

The acquisition will give Catalent access to Cook Pharmica's Bloomington, Indiana facility, positioning the company to expand its biologics business.

Catalent said it would pay $750 million when the deal closes, expected in the fourth quarter, and the rest in four annual installments.

The acquisition will add to adjusted net income per share in the first full fiscal year after the deal closes, the company said.

(Reporting by Tamara Mathias in Bengaluru; Editing by Sai Sachin Ravikumar and Sriraj Kalluvila)

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Catalent to buy Cook Pharmica for $950 mln


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