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Shire to buy Roberts in $980mm stock swap

Executive Summary

Shire Pharmaceuticals is buying Roberts Pharmaceuticals (in-licenses drugs) in a $980mm stock swap that values each Roberts common share at about $30.71, a (pr)26% premium to its 10-day pre-announcement trading average. Post merger, Shire shareholders will hold 56% of the new company, and Roberts' will control the rest. The deal is expected to close in the fourth quarter of 1999.
Deal Industry
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Stock
    • Full Acquisition

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