Omega Pharma Founder Becomes A Billionaire After Sale To Perrigo


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

To read more from Forbes click here