Ferzsons Laboratories Limited (PSX: FEROZ) has announced that its Board of Directors has authorized the company to initiate due diligence for a possible acquisition of Barrett Hodgson Pakistan (Pvt.) Limited. This move is part of a broader consortium effort involving some of Pakistan’s leading business groups.

The decision was made during an emergency board meeting held on May 17, 2025, where the board considered a proposal from the company’s Investment Committee. Following the meeting, Ferzsons’ board empowered the Chief Executive Officer and Chief Financial Officer to spearhead the due diligence process, appoint advisors, and manage all matters related to the potential acquisition. Their mandate includes signing necessary documents, providing bid security, and making other required financial commitments.

Ferzsons emphasized that any final decision regarding the purchase price and equity investment will depend on the outcome of the due diligence process and the receipt of all necessary approvals.