Anatomy Of A Merger: Grit Helps Shire Seal $32B Baxalta Buy
Law360, New York (June 7, 2016, 4:57 PM EDT) -- Kirkland & Ellis LLP client Baxalta Inc. was celebrating its second day as a public company after being spun out from Baxter International Inc. when the rare-disease focused biotechnology company was hit with a multibillion-dollar unsolicited takeover proposal from a deal-hungry pharmaceutical giant.
Dublin-headquartered Shire PLC, which was flush with cash after the first wave of inversion regulations dashed its $55 billion combination with AbbVie Inc., had set it sights on Baxalta as part of a greater push to expand its pipeline of rare-disease treatments. But for the freshly spun-out company, weighing a cross-border takeover proposal presented seemingly insurmountable challenges concerning the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!