• Assertio entered a merger agreement with Zydus Worldwide DMCC, setting up an all-cash tender offer for all outstanding shares at USD 23.5 per share.
• Zydus subsidiary Zara Merger Sub is set to launch the offer on May 18, 2026, followed by a merger that would leave Assertio as a wholly owned unit of Zydus.
• Zydus waived a requirement for Assertio to start a repurchase offer and consent solicitation tied to its 6.50% Convertible Senior Notes due 2027.
• The merger would trigger a “Fundamental Change” under the notes indenture, giving holders the right to require repurchase at 100% of principal plus accrued interest, or to convert at an increased conversion rate during the make-whole period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Assertio Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-063064), on May 18, 2026, and is solely responsible for the information contained therein.