View the webinar and conference call. Even with the premium, Alexion’s valuation would stand at a reasonable 14.5x projected 2020 earnings, making it a fair deal for AstraZeneca. 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 valued at about $39 billion. Freshfields acted for AstraZeneca. AstraZeneca’s $39 billion payment in cash and stock was valued at $175 per share of Alexion, and the stock of Alexion (ticker: ALXN) jumped 30% on Monday’s open, to $157. As we look ahead to … Alexion’s therapies will add almost $6 billion to AstraZeneca’s roughly $26 billion in annual sales. Making Science Accessible. Alexion shareholders are estimated to own about 15% of the merged company upon completion. AstraZeneca and Alexion Pharmaceuticals, Inc. (Alexion) have entered into a definitive agreement for AstraZeneca to acquire Alexion. AstraZeneca's said its cash-and-stock agreement amounts to $175 per Alexion share, based on the one-month average value of AstraZeneca's U.S.-traded American depositary receipts. (Credit: Gerd Altmann from Pixabay) Subscribe to our email newsletter. The drugmaker will fund the acquisition with a $17.5 billion financing facility from Morgan Stanley, JPMorgan Chase & Co. and Goldman Sachs Group Inc. AstraZeneca shares tumbled about 8% after announcing its imminent acquisition of Alexion as analysts hoping for a more forward-looking investment expressed their disappointment. ... Goodmans, McCarthy Tetrault, and LodeRock Advisors. Open PDF; Full-year 2020 results . Alexion. AstraZeneca to acquire Alexion for $39bn. Webcast and investor information. AstraZeneca and Alexion Pharmaceuticals, Inc. December 12 have entered into a definitive agreement for AstraZeneca to acquire Alexion, as it was informed by AstraZeneca. 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. Ondra LLP (“Ondra”) are providing advice … Debt finance was provided by Scotiabank. Bank of America Securities is serving as financial advisor to Alexion, and Wachtell, Lipton, Rosen & Katz is serving as legal counsel. Alexion is a global biopharmaceutical company focused on serving patients and families affected by rare diseases and devastating conditions through the discovery, development and commercialisation of life-changing medicines. The deal would represent the biggest transaction in pharmaceuticals since 2019. AstraZeneca to acquire Alexion, accelerating the. Morgan Stanley & Co. International plc … Scotiabank was advised by Borden Ladner Gervais. Sustainability. 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. Based on AstraZeneca's reference average ADR price of $54.14, this implies total consideration to Alexion shareholders of $39bn or $175 … The move isn't only about rare diseases, however, but also attempting to match its growing oncology … 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. AstraZeneca (NASDAQ:AZN) has refiled its planned takeover of Alexion (NASDAQ:ALXN) with U.S. antitrust regulators, according to an 8-K fling. That's a pretty expensive deal, I think around 39 billion or so. On Dec. 12, 2020, biopharmaceutical company Alexion announced that it would be acquired by AstraZeneca. Alexion finished 2019 with a 21% year-over-year jump in revenues to $4.991 billion, about one-fifth of the $24.384 billion in revenue reported in 2019 by AstraZeneca. Alexion is a global biopharmaceutical company focused on serving patients and families affected by rare diseases and devastating conditions through the discovery, development and commercialisation of life-changing medicines. AstraZeneca's facilities in Sodertalje, Sweden. Alexion. The biggest deal yet for … Advisors to AstraZeneca. “We are pleased with the value this transaction delivers to our … Bank of America Securities is serving as financial advisor to Alexion, and Wachtell, Lipton, Rosen & Katz is serving as legal counsel. Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) for each Alexion share. Alexion closed its US$39 billion definitive agreement to be acquired by AstraZeneca. Ondra LLP (“Ondra”) are providing advice as part of their ongoing financial advisory services. across primary, speciality and highly specialised care Double-digit … The company agreed to buy Alexion Pharmaceuticals Inc. for $39 billion in cash and shares on Dec. 12, 2020. Open PDF; Contacts. Evercore Partners International LLP (“Evercore”), and Centerview Partners UK LLP (“Centerview Partners”) are acting as lead financial advisers. Earlier this month, AstraZeneca announced plans to acquire rare-disease expert Alexion (NASDAQ:ALXN) for $39 billion. This press release features Evercel to acquire ZAGG for $133m. The $ 39 billion deal includes $ 60 in cash for every $ 175 share of Alexion and 2,1243 AstraZeneca American Depository shares, a 40% premium on Alexion’s closing price of $ 120.48 on Friday. Legal advisor to AstraZeneca: Freshfields Bruckhaus Deringer. Based on AstraZeneca's reference average ADR price of $54.14, this implies a total consideration of $39 billion or $175 per share to Alexion’s shareholders. In fact, about three years ago AstraZeneca spun out several rare disease drugs, including an eventual rival therapy to Alexion's top-seller, into a standalone biotech.. As a leader in rare … Alexion is engaged in the discovery, development and commercialisation of … Despite the premium, the price is attractive for … innovative complement-technology platforms and strong pipeline Dedicated rare disease unit to be headquartered in Boston Geographical presence to be enhanced with broad coverage. As a leader in rare … Go to page; Fact sheet. In the sale to AstraZeneca, holders of each Alexion share will receive $60 in cash and 2.1243 AstraZeneca American depositary shares, the U.K. company said in a press release Saturday. AstraZeneca said its cash-and-stock agreement amounts to $175 per Alexion share, based on the one-month average value of AstraZeneca's U.S.-traded American depositary receipts. AstraZeneca recently agreed to buy Alexion Pharmaceuticals for around $39bn. AstraZeneca has agreed to acquire Alexion Pharmaceuticals. Financial advisor to AstraZeneca: Evercore Partners, Centerview Partners Analyst interactive reporting centre . Jump to Contacts; Latest aide memoire. Annual Report 2020. The funding will be based on a $ 17.4 billion bridge facility provided by Morgan Stanley, JP Morgan and Goldman Sachs. Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares (ADSs) (each ADS representing one-half of one (1/2) ordinary share of AstraZeneca, as evidenced by American Depositary Receipts (ADRs)) for each Alexion share. Under the deal, Alexion shareholders will secure $60 in cash and 2.1243 new AstraZeneca American depositary shares (ADSs) listed on the Nasdaq exchange for each of their Alexion shares. Key facts. AstraZeneca has agreed to buy rare-disease specialist Alexion Pharmaceuticals for $39 billion. The biotech firm’s products could bring in as much as $9 billion by 2024, analysts forecast. By Itai Almogy, Gaspard Baroudel, Raphael Berz (Yale University), and Nathan Walemba (Oxford University) Overview of the deal Acquirer: AstraZeneca PLC Target: Alexion Total Transaction Size: $39 Billion Closed date: Q3 2021 Target advisor: Bank of America Only after 80 days since the deal being announced, the $39bn acquisition of Alexion by AstraZeneca is now complete. Accelerating our strategic and financial development: AstraZeneca to acquire Alexion. Based on AstraZeneca's reference average ADR price of $54.14, this implies 45% premium to … Of course, AstraZeneca is hoping to close its acquisition of Alexion (NASDAQ: ALXN) in the not-too-distant future. The boards of directors of both Alexion and AstraZeneca have unanimously approved the proposed acquisition and resolved to recommend that their respective shareholders vote in favour of it. Evercel, a holding company, agreed to acquire ZAGG, a consumer electronics manufacturer, for $133m. Company's strategic and financial development Greater scientific presence in immunology by adding Alexion's. Evercore Partners International LLP (“Evercore”), and Centerview Partners UK LLP (“Centerview Partners”) are acting as lead financial advisers. Rather, Alexion brings AstraZeneca to the front of rare disease drugmaking — a field that it has shown little interest in until now.