Prestige Consumer Healthcare to Acquire Breathe Right for $1.045 Billion

Prestige Consumer Healthcare (PBH) has entered into a definitive agreement to acquire the market-leading Breathe Right brand from Foundation Consumer Healthcare. The transaction is valued at a total of $1.045 billion, representing a significant expansion of Prestige's healthcare portfolio. After accounting for anticipated tax benefits valued at $150 million, the net cost of the acquisition is estimated at approximately $900 million. This strategic move aims to strengthen Prestige's market position by integrating a globally recognized brand into its consumer goods lineup. Analysts expect the addition of Breathe Right to drive long-term revenue growth and increase the company's overall market share. Investors are closely monitoring the financing details of the deal and its potential impact on the company's balance sheet.