Six Firms Advise on First Pharmaceutical Megadeal of 2016
Cravath, Jones Day, Kirkland & Ellis, Ropes & Gray, Slaughter and May and Skadden have grabbed roles on the proposed $32 billion merger between rare disease drug makers Shire plc and Baxalta Inc.
January 11, 2016 at 11:54 AM
5 minute read
A half-dozen Global 100 firms have grabbed roles on the proposed $32 billion merger between rare disease drug makers Shire plc and Baxalta Inc.
Dublin-based Shire announced Monday that it had struck a cash-and-stock deal to acquire Bannockburn, Illinois-based Baxalta after a five-month pursuit. Back in August, Shire announced a $30 billion all-stock takeover bid for Baxalta, which was promptly turned down by the target. But Shire sweetened its offer.
The active acquirer has agreed to pay $18 in cash and 0.1482 Shire ADS for each Baxalta share.
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