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Sanofi outbids Novo with €45 per share offer for Ablynx, total of €3.8bn
30 Aug 2021
Executive Summary
Public Belgian biotech Ablynx NV agreed to be acquired by Sanofi, which offered €45 per share ($59.92; a 37% premium) for a fully diluted equity value of €3.8bn ($5.1bn). The deal trumps an offer made earlier this month by Novo, which bid €28 per share plus CVRs for a total value of €2.3bn. Ablynx shareholders repeatedly rejected Novo’s advances, and Novo has stated that it will not make a revised offer.
Deal Industry
- Pharmaceuticals
-
Pharmaceuticals
-
Drug Delivery
- Macromolecule
-
Drug Delivery
-
Biotechnology
-
Large Molecule
- Antibodies
-
Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Earnout
- Payment Includes Cash for Equity
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Sanofi outbids Novo with €45 per share offer for Ablynx, total of €3.8bn
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