Magic Circle Duo Lead as Swedish Pharma Giant Agrees to UK Rival Takeover
The deal is valued at around £500 million.
November 19, 2019 at 03:50 AM
2 minute read
Magic Circle firms Allen & Overy and Clifford Chance are acting alongside Ashurst on a proposed cross-border pharmaceutical deal worth about £500 million ($648 million).
The acquisition would see Swedish company Recipharm, based in Stockholm, purchase British pharma firm Consort Medical, according to a statement on the London Stock Exchange.
An offer from Recipharm, which has been recommended by the board of Consort, prices the company's shares at £10.10 each, bringing the total value of the company to more than £500 million ($648 million).
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