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Perrigo in €3.6bn deal

Dublin-based healthcare company Perrigo is to buy Belgian firm Omega Pharma for €3.6bn.

Omega Pharma has a large portfolio of over-the-counter (OTC) products which will increase Perrigo's foothold in that market.

The takeover "accelerates Perrigo's international growth strategy, substantially diversifies our business streams, and establishes a durable leadership position in the European OTC marketplace," Perrigo chairman, president and chief executive Joseph Papa said.