Alexion shareholders are estimated to own about 15% of the merged company upon completion. The numbers work out AstraZeneca finished September with about $8 billion in cash and $22 billion in debt. Here's why it dropped . Late last week, AstraZeneca said that it would acquire Alexion Pharmaceuticals - a company best known for its Soliris and Ultomiris drugs - in a … The acquisition will be undertaken through a US statutory merger in which Alexion shareholders will receive $60 in cash and 2.1243 new AstraZeneca ADSs listed on the Nasdaq exchange for each of their Alexion shares. AstraZeneca noted that it intends to establish its U.S. headquarters for rare diseases in Boston, Mass., … Per the terms of the deal, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) for each Alexion share. Freshfields and Wachtell act on USD 39 billion AstraZeneca-Alexion merger. AstraZeneca will pay around $175 per share for Alexion, through a combination of cash and shares, representing a near 45% premium to the group's Friday closing price and valuing the … AstraZeneca, a science-led biopharmaceutical company that focuses on the discovery, development and commercialisation of prescription medicines, agreed to acquire Alexion, a global biopharmaceutical company focused on development and commercialisation of life-changing … Forum Merger III to merge with Electric Last Mile in a $1.4bn deal. Granted, Alexion Pharmaceuticals isn’t the industry’s most exciting acquisition target, but this deal will most likely work out well for investors in the long run. The companies said they expected the acquisition to close in the third quarter of next year. Alexion has about 3,000 employees, while AstraZeneca has about 70,000. Long-term results could be rewarding: investors should give this the benefit of the doubt . In a chaotic year where healthcare has dominated the headlines, AstraZeneca surprised the market by announcing that they had agreed to acquire Alexion Pharmaceuticals Inc. (Alexion) for $39 billion USD. ALEXION MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ALEXION PHARMACEUTICALS, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ALXN. Upon completion of merger, Alexion shareholders will own approximately 15% of combined company. The deal, worth 15 billion USD, capped a busy year for AstraZeneca during which the development of its vaccine with Oxford University had temporarily made it the most valuable FTSE 100 company. AstraZeneca said Alexion will give it a foothold in the lucrative field of rare-disease drugs and help fuel revenue and cash flow in the coming years. And at $39bn the transaction was not only 2020’s sole mega-merger, it also went a long way to saving the year from being distinctly pedestrian in terms of deal size. On the 13th of December AstraZeneca announced the acquisition of rare disease specialist Alexion. According to the terms of the deal, Alexion will be liable to pay $1.2 billion in break fee to AstraZeneca in certain situations which include completion of an alternative merger or a change of Alexion’s board recommendation. Post merger, the companies indicated that AstraZeneca plans to work closely with Alexion's R&D team to build upon and expand Alexion's current pipeline of 11 molecules, which have been studied in greater than 20 clinical development programs across a wide spectrum of rare diseases. With the Alexion deal, it will also now be trying to orchestrate a giant corporate merger at the same time. This cash and stock merger … AstraZeneca’s $39 billion splurge to acquire Alexion Pharmaceuticals looks like a winner--as long as it can hang on at that price tag. The merger agreement, which will see Alexion shareholders receive $60 in cash and 2.1 AstraZeneca shares for every Alexion share they own – equating to an overall price of about $175 per share – has yet to be approved by regulators, though it is expected to close during the third quarter of 2021. AstraZeneca-Alexion Merger. 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. Published by: Sandy Bhadare at 14 Dec 2020 British-Swedish pharmaceutical and biopharmaceutical giant AstraZeneca has entered into a definitive agreement to acquire American pharmaceutical company Alexion Pharmaceuticals for USD 39 billion. December 12, 2020. Ultomiris is a hit If biology isn't really your thing, an overactive complement system might not sound like a... 2. And more recently, Bloomberg reported that AstraZeneca had approached Gilead, the Californian biotech known for its work in antivirals, including the COVID-19 therapy Veklury, about a potential merger. With the Alexion deal, it will also now be trying to orchestrate a giant corporate merger at the same time. Commenting on the proposed merger between Alexion (NASDAQ:ALXN) and AstraZeneca (NASDAQ:AZN), Piper Sandler highlights the ‘durability’ of large … ... AstraZeneca to acquire Alexion for $39bn. Per the terms of the deal, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) for each Alexion share. The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. This cash and stock merger … 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. 3 Reasons AstraZeneca's Merger With Alexion Will Work for Investors 1. On 27 December 2020, the AstraZeneca chief Pascal Soriot said that they have “figured out the winning formula” with their two-dose system with the Oxford University’s COVID-19 vaccine. 7 hours ago BTC/USD: Bitcoin Price Targets Critical Resistance at 58,200 9 hours ago Clearance of 3950/3951 Could Send the S&P 500 Towards 4070/4075 – Credit Suisse 10 hours ago Dow Jones Hits New Record High as Inflation … “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Breaking News. AstraZeneca/Alexion: the odd couple. AstraZeneca share price is down by more than 5% today as traders react to the company's planned acquisition of Alexion. AstraZeneca reckons it can add $500 million merger of synergies, most of which are cost savings. AstraZeneca's facilities in Sodertalje, Sweden. Alexion shareholders will be paid $60 USD per share in cash, as well as 2.1243 AstraZeneca American Depositary Shares (ADSs), amounting to a total consideration […] AstraZeneca Buying Alexion for $39 Billion A major drug merger seizes headlines as early vaccinations begin in the U.S. By John Divine, Senior Investing Reporter Dec. 14, 2020. AstraZeneca will be liable to pay $1.4 billion in break fee to Alexion under specific circumstances which include a change of AstraZeneca’s board recommendation. AstraZeneca (), one of the frontrunners in the drugs industry’s search for a COVID-19 vaccine, announced on Saturday that it will acquire US drugmaker Alexion for $39bn (£29.5bn).Under the terms of the transaction, the FTSE 100 firm said that Alexion shareholders will get $60 in cash and about 2.1 from AstraZeneca’s US-listed shares for each Alexion share they own. January 24, 2021 / No Comments / Healthcare & Pharmaceuticals, News. Biotech to be ‘Extremely Active’ in 2020 Mergers and Acquisitions; The acquisition is expected to close in Q3 of 2021. “AstraZeneca intends to build on its geographical footprint and extensive emerging markets presence to accelerate the worldwide expansion of Alexion’s portfolio,” the companies said. After suffering years of takeover speculation Alexion finally got taken off the board by Astrazeneca.
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