The two announced in late November that their coronavirus vaccine appeared to be up to 90 percent effective. FILE – In this Jan. 29, 2009 file photo, reflections are seen on a sign outside the global headquarters of AstraZeneca in London. ... the equity component of the transaction would take place on closure of the deal. AstraZeneca, which is headquartered in Cambridge, England, has turned its focus in recent years to cancer treatments, after its previous best-selling drugs, like the cholesterol treatment Crestor, lost their patent protections. Based on AstraZeneca’s reference average ADR price of $54.14, this implies total consideration to Alexion shareholders of $39 billion or $175 per share. By Michael J. de la Merced. AstraZeneca has agreed to buy Alexion Pharmaceuticals in a mixed cash and shares deal worth $39bn. Alexion, which is based in Boston, is known for focusing on combating rare diseases: Its top drugs include Soliris and Ultomiris, which treat blood disorders. Guggenheim’s Yatin Suneja has rated Alexion at Impartial. announced Saturday it plans to buy rare-disease specialist Alexion Pharmaceuticals Inc. in a cash-and-stock deal to add treatments for uncommon blood and … FRANKFURT (Reuters) -Britain's AstraZeneca has agreed to buy U.S. drugmaker Alexion (NASDAQ: ALXN) 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. In fact, they're significantly outperforming expectations the company laid out in January. The acquisition is expected to close in the third quarter of 2021. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. to partner with the Japanese drug maker Daiichi Sankyo. Alexion (NASDAQ:ALXN) owners will receive $60 per share in cash and 2.1243 ADS of AstraZeneca (NASDAQ:AZN) for each share of Alexion they own. 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. Saturday’s deal by AstraZeneca to buy Alexion Pharmaceuticals brings a franchise in rare immune disorders to Astra, while also bringing to a close a campaign by discontented Alexion … AstraZeneca has agreed to buy rare-disease specialist Alexion Pharmaceuticals for $39 billion. On Saturday, AstraZeneca announced plans to acquire Alexion Pharmaceuticals for just shy of $40 billion. Based on yesterday's closing prices for both stocks, though, AstraZeneca's offer represents a 45% premium. AstraZeneca and University of Oxford's Coronavirus Vaccine Approved in India, Copyright, Trademark and Patent Information. In the sale to AstraZeneca, Alexion shareholders will receive $60 in cash and 2.1243 AstraZeneca American Depositary Shares for each Alexion share, the U.K. company said in a press … The offer represents a 45% premium to Alexion's share price prior to the announcement of the deal. In addition to the successful and growing Soliris/Ultomiris franchise, AstraZeneca will also gain access to treatments for a handful of rare metabolic diseases on pace to generate $840 million in revenue this year. This acquisition allows us to enhance our presence in immunology,” said Pascal Soriot, CEO of AstraZeneca, in a statement announcing the deal. Shareholders in Alexion are expected to own about 15 percent of the combined company after the deal closes, which is expected by next September, pending approval by regulators and investors in both companies. After the deal being announced on December 12th, 2020, the $39bn acquisition of Alexion by AstraZeneca is now almost complete. AstraZeneca to Buy Alexion Pharmaceuticals for $39 Billion Alexion shareholders will receive a big premium in a combination of cash and AstraZeneca stock. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Combined sales of the Soliris/Ultomiris franchise are expected to reach about $5 billion in 2020, which will be 17% more than in 2019. This deal is good news for AstraZeneca shareholders who could use some given recent bad news on its Covid-19 vaccine. The hedge fund has repeatedly criticized Alexion over its business strategy, including multibillion-dollar corporate takeovers that proved disappointing. Die Alexion-Aktionäre erhalten davon 60 Dollar pro Papier in bar und je 2,1243 Astrazeneca American Depositary Shares (ADS). 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. Alexion shareholders will receive $60 in cash plus 2.1243 AstraZeneca American depositary receipts for each share they own, according to a joint statement released Saturday. AstraZeneca ( AZN) and Alexion ( ALXN) $39bn merger information including expected completion date, offer price and contact details are … Unlike some other leading vaccine candidates, including those from Pfizer and Moderna, the AstraZeneca offering can be quickly produced in vast quantities, would cost only a few dollars per dose and is easy to store for long periods. But AstraZeneca has been best known in recent months for its work in a different area: Covid-19 vaccines, where it is teaming up with researchers from Oxford. The company would also have to pay AstraZeneca up to $1.2 billion to walk away from the deal. Cory is a long-term minded analyst focused on the Healthcare Sector. Under the terms of the deal, AstraZeneca will pay $60 in cash and 2.1243 of its American depositary receipts for each of Alexion’s shares. Cambridge, England-based pharmaceutical company AstraZeneca, which is involved in development of a COVID-19 vaccine, said Saturday Dec, 12, 2020, it is acquiring Boston-based drug developer Alexion Pharmaceuticals Inc. in a deal worth dollars 39 billion. The company would also have to pay AstraZeneca up to $1.2 billion to walk away from the deal. Jede ADS verbrieft wiederum eine halbe Stammaktie von Astrazeneca. 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 … Alexion would pay AstraZeneca a fee of up to $1.2 billion if it completes a deal with another buyer. LONDON — The drug maker AstraZeneca agreed on Saturday to buy Alexion, a biopharmaceutical company, for $39 billion in cash and stock, as … Alexion Pharma surges 30% on AstraZeneca deal Shares of Alexion Pharmaceuticals Inc. jumped more than 31% on Monday following the news that AstraZeneca PLC is set to acquire the company for $39 billion. As stock markets have soared and debt financing remains cheap because of central bank policies, companies have resumed their quest for growth and scale — including through acquisitions. Market data powered by FactSet and Web Financial Group. LONDON — The drug maker AstraZeneca agreed on Saturday to buy Alexion, a biopharmaceutical company, for $39 billion in cash and stock, as corporate giants resume big-ticket takeovers, even amid the pandemic. Through the deal for Alexion, the biggest by a health care company this year, AstraZeneca will bolster its offerings for rare diseases like blood disorders. We’re motley! AstraZeneca … Toward the end of 2020, AstraZeneca splashed out $39 billion for Alexion to expand its immunology presence. AstraZeneca is well-equipped to fuel Alexion's growth strategy with a great deal more resources than Alexion could have mustered on its own. The subscription details associated with this account need to be updated. Stock Advisor launched in February of 2002. The combined footprint of the company will enable a broad coverage across, primary, speciality and highly specialised care. The deal was announced on Saturday 12 December, and by the time the markets closed on the Monday, AstraZeneca’s share price was down 6%. Investors’ negative reaction to AstraZeneca’s deal to acquire Alexion will be short-lived. But scientists and industry experts almost immediately began to raise questions after AstraZeneca acknowledged a key mistake in the vaccine dosage received by some study participants, and now the issue is whether its vaccine’s efficacy will hold up under additional testing. (Reporting by Aishwarya Nair in Bengaluru; Editing by Toby Chopra) The deal would represent the biggest transaction in pharmaceuticals since 2019. The provide of $60 cash and a couple of.1243 depositary shares of AstraZeneca was a 45% premium to Friday’s price for Alexion. This cash and stock merger agreement values Alexion at $175 a share, which represents a 45% … The company said it expected to incur a one-time cash cost of $650 million to realize the synergies. AstraZeneca to buy Alexion for $39 billion to expand in immunology ... to 40% More details. The deal also includes a break clause in which Alexion would pay AstraZeneca $1.2 billion if the deal is not completed. The deal for the biopharmaceutical company is the latest big takeover this year, even amid the pandemic. … That underpins AstraZeneca’s expectation that the deal will help lead to double-digit sales increases through 2025 and let it raise its dividend payouts. That as investors reacted to news from the firm over the weekend. AstraZeneca would need to pay Alexion $1.4 billion as a break fee. Dec. 12, 2020. Alexion stocks soared 31.29% to sell for $158.92 per share at 10:52 am ET. This deal will give AstraZeneca Soliris and its successful follow-on treatment Ultomiris, treatments for rare diseases that involve overactive immune systems intent on bursting important blood cells for no good reason. AstraZeneca recently agreed to buy Alexion Pharmaceuticals for around $39bn. The deal would represent the biggest transaction in pharmaceuticals since 2019. The big pharma's shareholders will most likely come out ahead on this deal, and Alexion shareholders would probably do well to hang on to the AstraZeneca shares they receive for the long run. The boards of both AstraZeneca and Alexion have approved the deal, which is slated to close in the third quarter of 2021. Despite the COVID-19 pandemic, sales of Alexion's rare disease drugs didn't skip a beat in 2020. In July, the company agreed to pay up to $6 billion to partner with the Japanese drug maker Daiichi Sankyo on a potential treatment for lung and breast cancers. The deal would represent the biggest … Regulatory hurdles that come with big international mergers are expected to keep this one from completing until the third quarter of 2021. Now, the rare disease specialist is offering up more details about its plan to … Based on AstraZeneca's closing price on Friday, Alexion shareholders are in line to receive about $175 per share. If regulators don't try to halt the deal, Alexion shareholders will own around 15% of a much larger AstraZeneca by this time next year. The British drugmaker on Saturday announced it is buying U.S biotech Alexion Pharmaceuticals, which makes treatment for a rare immune disease, for $39 billion in cash and stock. AstraZeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a US$39 billion deal, the company said in a statement on Saturday. Alexion will own 15% of the combined company. AstraZeneca has agreed to buy Alexion Pharmaceuticals in a mixed cash and shares deal worth $39bn. Alexion shares in 2015 traded as high as $200 a share and the deal follows pressure from hedge … “Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. Alexion shareholders are in line to receive $60 in cash plus 2.1243 of AstraZeneca's American depository shares (ADS). CAMBRIDGE, England & BOSTON -- (BUSINESS WIRE)--Dec. 12, 2020-- AstraZeneca and Alexion Pharmaceuticals, Inc. ( Alexion) have entered into a definitive agreement for AstraZeneca to acquire Alexion . This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. By: Louis Matovu, Josh Shah, Kerim Hassan, Jaideep Kallu Deal overview The motivations behind this deal are that both companies share the same dedication to science and innovation to deliver life-changing medicines. Details Of Alexion’s Takeover By AstraZeneca The transaction is expected to conclude in the third quarter of 2021 with Alexion’s shareholders retaining 15% ownership of the combined entities. For AstraZeneca, the acquisition is a major shift, catapulting the British pharma giant to the upper ranks of rare disease drugmaking. By Ludwig Burger. (The day Alexion announced its acquisition of Portola Pharmaceuticals in May, its stock fell sharply, signaling investor discontent with the deal.). After unanimous votes by the boards of directors of both companies, AstraZeneca has announced it will acquire Alexion Pharmaceuticals. AstraZeneca chief Pascal Soriot told reporters on … 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. Alexion (ALXN) is set to be acquired by AstraZeneca for $39 billion or $175 per share. On Saturday morning, AstraZeneca (NASDAQ:AZN) announced an agreement to buy Alexion Pharmaceuticals (NASDAQ:ALXN) and its line of treatments for rare diseases for $39 billion in a combination of cash and stock. * AstraZeneca (AZN) to pay $60 in cash, $115 in equity per Alexion share* To finance equity component with capital increase * Expects deal to immediately boost core earnings (Adds details) By Ludwig Burger. AstraZeneca to Buy Alexion for $39 Billion to Add Rare-Disease Treatments. The offer represents a 45% premium to Alexion's share price prior to the announcement of the deal. December 24, 2020 - AstraZeneca recently acquired Boston-based rare disease specialist, Alexion Pharmaceuticals, in a $39 billion pharmaceutical acquisition deal. AstraZeneca has agreed to buy rare-disease specialist Alexion Pharmaceuticals for $39 billion. The deal comes in a week that AstraZeneca … Cory Renauer One of the largest pharmaceutical deals in recent years is also one of the most curious. The AstraZeneca deal, authorized by each corporations’ boards, is an effective end result within the view of sell-side analysts who adopted Alexion. By Pushkala Aripaka (Reuters) - AstraZeneca shares fell as much as 9% on Monday, as investors moved to price in the costs of a $39 billion deal for U.S. biotech company Alexion (NASDAQ: ALXN) Pharmaceuticals that would be the British drugmaker's biggest ever corporate acquisition. Alexion (ALXN) is set to be acquired by AstraZeneca for $39 billion or $175 per share. The proposed deal values Alexion at a premium of 45% above its prior share price. Shares in AstraZeneca fell around 6% early on Monday morning (Dec 14). Alexion’s offices in New Haven, Conn. AstraZeneca’s deal for Alexion comes as AstraZeneca is in the final stages of testing a Covid-19 vaccine that it is developing with the University of Oxford. The acquisition will be immediately core earnings-accretive and value-enhancing, and is aligned with stated capital-allocation priorities. ... Astrazeneca’s Alexion deal fails to win over the City Pharmaceutical giant is FTSE 100’s biggest faller. If the acquisition gets all needed regulatory clearances, as well as approvals by the shareholders of both companies, the deal is expected to be finalized in the third quarter of 2021. In connection with the Transaction, AstraZeneca intends to file a registration statement on Form F-4 with the United States Securities and Exchange Commission (SEC), which will include a … 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 … By Pushkala Aripaka (Reuters) -AstraZeneca (AZN) shares fell as much as 9% on Monday, as investors moved to price in the costs of a $39 billion deal for U.S. biotech company Alexion Pharmaceuticals (ALXN) that would be the British drugmaker's biggest ever corporate acquisition.The deal, announced over the weekend, is also one of the biggest in an already bumper year for mergers … That amounts to $175 a share, a nearly 45 percent premium to Alexion’s closing price on Friday. He genuinely enjoys cutting through the complexity to help everyday investors make better decisions. 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. A spokeswoman for the hedge fund declined to comment on Saturday. (Reuters) -Britain's AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals (NASDAQ: ALXN) for $39 billion in cash and shares to bolster its positions in immunology and rare diseases. The acquisition is expected to close in the third quarter of 2021. Astrazeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a $39 billion deal, the company said in a statement on Saturday.
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