Prestige Consumer to buy Breathe Right brand in $1.05 billion deal

TL;DR

consumer health products maker Prestige Consumer Healthcare said on Friday it would buy the Breathe Right brand and other assets from Foundation Consumer Healthcare in a deal valued at $1.045 billion. The deal also equates to about $900 million after tax benefits, Prestige said. The acquisition of Breathe Right, a popular nasal strip brand, represents the company's expansion into a new category.