Assertio Holdings Inc

NASDAQ:ASRT   3:59:55 PM EDT
0.47
-0.02 (-3.24%)
5:17:46 PM EDT: $0.47 -0.00 (-0.89%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

Assertio Announces Restructuring Plan And Leadership Changes

Published: 12/15/2020 14:28 GMT
Assertio Holdings Inc (ASRT) - Assertio Announces Restructuring Plan and Leadership Changes.
Assertio Holdings Inc Says Restructuring Plan is Expected to Reduce Assertio's Total Annual Cost Base by Approximately $45.0 Million.
Assertio Holdings Inc Says Reductions Are in Addition to Previously Announced $40.0 Million in Synergies Associated With Zyla Merger.
Assertio Holdings - Restructuring Milestones Are Set to Begin in December 2020, With Majority Expected to Be Achieved by End of Q1 of 2021.
Assertio Holdings - to Recognize About $8.0 - $10.0 Million in Severance and Restructuring Charges in Q4 of 2020 and Throughout 2021 As Result of Plan.