AstraZeneca agrees to acquire Alexion Pharmaceuticals, Inc. for US$39B

Date Announced

December 12, 2020

Lead Office

Toronto

Value

39.00 Billion USD

On December 12, 2020, AstraZeneca announced an agreement with Alexion Pharmaceuticals, Inc. to acquire Alexion for a total consideration of US$39 billion in cash and stock.  The deal will be undertaken through a US statutory merger. Upon completion, Alexion shareholders will own approximately 15% of the combined company.

The acquisition will be financed in part by bridge financing provided by Morgan Stanley, J.P. Morgan Securities plc and Goldman Sachs.

AstraZeneca is a global biopharmaceutical company, based in the UK, that focuses on treatments and medical advancements in Oncology, Cardiovascular, Renal & Metabolism, and Respiratory & Immunology.

McCarthy Tétrault advises AstraZeneca as Canadian competition counsel with a team led by Jason Gudofsky that includes Casey Halladay and Stephanie St-Jean.

People