Omega Pharma Founder Becomes A Billionaire After Sale To Perrigo

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As of Thursday, Marc Coucke, founder and CEO of Omega Pharma (a Belgian over-the-counter drug company), will be a billionaire due to a $4.5 billion buyout by Perrigo (a pharmaceutical company founded in 1887). Perrigo acquires Omega ($1.5 billion in sales), more than a year after buying Elan Pharmaceuticals for $8.6 billion.

Coucke received 5 millions shares of Perrigo, which are worth $775 million, and likely also received more than $500 million in cash.

Marc Coucke founded the company in 1987 and took it private (meaning shareholders cannot sell shares on the open market) in 2012.

Summary by MedicalGroups.com

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