May 11 (Reuters) - Merus Labs International Inc MSL.TO :
* Merus Labs and Norgine enter into a definitive arrangement agreement
* Merus Labs International Inc - norgine will acquire all of issued and outstanding common shares of merus for $1.65 per share in cash
* Merus Labs International Inc says deal for a total enterprise value of approximately $342 million
* Merus Labs International - deal will be financed through combination of available cash, new credit facilities norgine secured prior to executing arrangement
* Merus Labs International Inc - transaction is structured as a plan of arrangement under business corporations act (British Columbia) Source text for Eikon: ID:nCNWQM294a Further company coverage: MSL.TO