The cash and stock deal, the largest in AstraZenecaâs AZN, -0.93% history, values Alexion ALXN, -0.59% at $175 per share and has been agreed upon by the boards of directors of both companies. AstraZeneca shares closed Friday up 0.7%, at $54.27. If the deal is a way out for Alexion, then for AstraZeneca it's a way to go even deeper into the market for specialty care drugs. Pharmaceutical company AstraZeneca says it is buying U.S. drug developer Alexion in a deal worth $39 billion. The acquisition terms provide that Alexion will be liable to pay a break fee of up to $1.2 billion to AstraZeneca in certain instances that lead to the deal not being completed. As per the terms of the deal, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares or ADSs for each Alexion share. âThis acquisition allows us to enhance our presence in immunology. Wachtell, Lipton, Rosen & Katz served as legal counsel to Alexion, while Fried Frank acted as counsel to BofA Securities as financial advisor to Alexion in the transaction. Alexion closed its US$39 billion definitive agreement to be acquired by AstraZeneca. Podcasts ; Videos; Help & Support. The deal, which is expected to close sometime between July and September, would have AstraZeneca hand over $60 in cash and roughly 2.1 American Depositary Shares â each one-half the value of an ordinary AstraZeneca share â for every share of Alexion. Alexion shareholders would get around $175 per share under the deal as compared to their last weekâs closing price of $120.98. AstraZeneca buying Alexion in $39B cash and stock deal Dec. 12, 2020 8:25 AM ET Alexion Pharmaceuticals, Inc. (ALXN) By: Stephen Alpher , SA News Editor 84 Comments Alexion should put itself up for sale, said the activists. The AstraZeneca deal, authorized by each corporationsâ boards, is an effective end result within the view of sell-side analysts who adopted Alexion. The provide of $60 cash and a couple of.1243 depositary shares of AstraZeneca was a 45% premium to Fridayâs price for Alexion. U.K.-based drugmaker AstraZeneca has agreed to buy biotech Alexion Pharmaceuticals , a company that specializes in rare disease treatments. Announcement. The deal is expected to achieve double-digit revenue growth through 2025. When Pascal Soriot came on as CEO in 2012, AstraZeneca was defined by the kind of everyday medications prescribed by primary care doctors, drugs like Crestor for high cholesterol and Nexium for stomach problems. AstraZeneca risks going from hero to zero with Alexion deal Drugs giant has been riding high on the FTSE, but its bid for Alexion could deflate Pascal Soriotâs status in the City Purchase of US rare disease specialist comes 6 years after pharma group saw off Pfizer takeover bid . The deal comes in a week that AstraZeneca said it was conducting further research to confirm whether its COVID-19 vaccine could be 90% ⦠AstraZeneca has agreed to buy rare-disease specialist Alexion Pharmaceuticals for $39 billion. Alexion ought to put itself up on the market, mentioned the activists. AstraZeneca recently agreed to buy Alexion Pharmaceuticals for around $39bn. AstraZeneca stock tumbled Monday after the pharmaceutical giant announced its $39 billion plan to acquire rare-diseases biotech company Alexion Pharmaceuticals ().. X. Deal in Focus. AstraZeneca has agreed to buy Alexion Pharmaceuticals in a mixed cash and shares deal worth $39bn. FRANKFURT (Reuters) -Britain's AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals for $39 billion in its largest ever deal, diversifying away from its fast-growing cancer business in a bet on rare-disease and immunology drugs. Freshfields acted for AstraZeneca. Latest news . Cambridge, England-based AstraZeneca PLC, which is involved in one of the efforts to develop a COVID-19 vaccine, said Saturday it's using a combination of cash and shares for the acquisition of Boston-based Alexion Pharmaceuticals Inc. Knowledge Base; Feedback Forum; Healthcare; AstraZeneca/Alexion deal impacts IQVIA: BofA. Using an average price of $54.14 per ADR, the deal implies a value of $175 for each Alexion share. Financials - XLSX. Corporate Press Release; Information about Alexion. AstraZeneca Full-year 2020 results. Late last week, AstraZeneca said that it would acquire Alexion Pharmaceuticals - a company best known for its Soliris and Ultomiris drugs - in a cash and stock deal ⦠AstraZenecaâs $39bn Alexion deal marks shift from prey to predator . Information about AstraZeneca. The AstraZeneca deal, approved by both companiesâ boards, is a good outcome in the view of sell-side analysts who followed Alexion. The offer represents a 45% premium to Alexion's share price prior to the announcement of the deal. Alexion investor day . Per the terms of the deal, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) for each Alexion ⦠âThis transaction marks the start of an exciting new chapter for Alexion,â said Alexion CEO Ludwig Hantson, Ph.D., in a statement. AstraZeneca offered $39 billion for Alexion in a combination of cash and stock, although a lack of enthusiasm for the deal has pressed AstraZeneca shares lower since the announcement. The deal would represent the biggest transaction in pharmaceuticals since 2019. It's a cash-and-stock deal ⦠Financial advisor to AstraZeneca: Evercore Partners, Centerview Partners AstraZeneca to acquire Alexion, accelerating the Company's strategic and financial development 12 December 2020. Virtual investor day - PDF. The deal will boost earnings, but a whiff of desperation around the acquisition is making investors queasy. Presentation. Based on the reference price of $54.14 for AstraZeneca shares, the deal values Alexion at $39 billion. Financial Advisor; Watch & Listen. Alexionâs offices in New Haven, Conn. AstraZenecaâs deal for Alexion comes as AstraZeneca is in the final stages of testing a Covid-19 vaccine that ⦠The deal would be the second time Alexion CEO Ludwig Hantson oversees the sale of a company he runs; the first time was only four years ago, when Baxalta was acquired by Shire for $32 billion. With the Alexion deal, it will also now be trying to orchestrate a giant corporate merger at the same time. Legal advisor to AstraZeneca: Freshfields Bruckhaus Deringer. AstraZeneca will pay $39 billion to acquire Alexion in an immunology-driven deal that drives the British drugmaker closer to CEO Pascal Soriot's $40 billion revenue goal by 2023. "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases,â said Pascal Soriot, chief executive of AstraZeneca. Alexion Q4 and Full Year 2020 Results. The deal has valued the company at almost a ⦠The acquisition expands the company's post-COVID-19 future.
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