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Novartis announces MOU to buy Advanced Accelerator Applications for $3.9bn; later tenders offer
03 Sep 2020
Executive Summary
Confirming rumors that began circulating late last month, Novartis AG entered a memorandum of understanding (MOU) to tender an all-cash offer for all outstanding shares of public French biotech Advanced Accelerator Applications SA (AAA; diagnostic and therapeutic radiopharmaceuticals). The AAA board has already approved the MOU.
Deal Industry
- Pharmaceuticals
-
Pharmaceuticals
- Radiopharmaceuticals, Contrast Agents
-
Medical Devices
-
Diagnostic Imaging Equipment & Supplies
- Molecular Imaging
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Diagnostic Imaging Equipment & Supplies
-
Biotechnology
- Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Cash
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Please contact Sales at: (212) 520-2765 or email [email protected]
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Novartis announces MOU to buy Advanced Accelerator Applications for $3.9bn; later tenders offer
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