Colgate-Palmolive Company (NYSE:CL) agreed to acquire EltaMD, Inc. from Swiss American Products, Inc. and Daniels and King Management Company, L.P. on December 18, 2017. In a related transaction, Colgate-Palmolive Company agreed to acquire Physicians Care Alliance, LLC on December 18, 2017. The transaction is subject to customary closing conditions, including U.S. antitrust clearance and is expected to close in the first quarter of 2018.

As of January 3, 2018, Federal Trade Commission approved the early termination notices. The transaction is expected to have no impact on earnings in 2018. Wachtell, Lipton, Rosen & Katz acted as the legal advisor and Wells Fargo Securities, LLC acted as the exclusive financial advisor to Colgate-Palmolive.

Piper Jaffray Companies acted as financial advisor to EltaMD, Inc. Katten Munich Rosenmen LLP acted as legal advisor to Colgate-Palmolive Company and Hunton & Williams LLP acted as legal advisor to EltaMD.