Swiss pharmaceutical giant Roche says it plans to buy Denmark-based biotech company Santaris Pharma for up to $450 million, Reuters reported on August 4.
According to the report, Roche announced it would pay Santaris Pharma an initial amount of $200 million, and an additional $250 million upon reaching certain milestones. Roche hopes to acquire Santaris Pharma’s new class of drugs that can silence mRNA’s, which the company believes is a breakthrough in treating difficult to cure diseases.
Santaris Pharma is one of the many pharmaceutical company recently acquired by Roche. Last month, U.S.-based Seragon Pharmaceuticals Inc. was bought by Roche for $1.725 billion.
Acquisitions like this help you establish a stronger market foothold for your business. Let a qualified and seasoned Cedar Rapids business lawyer at Arenson Law Group, PC, represent your interests during acquisitions. To learn more about how we can be of help, call our offices at (319) 363-8199 today.
U.S. medical giant Medtronic has announced its plan to buy Ireland’s Covidien in a deal worth $42 billion in cash and stock, BBC News reported on June 16.
According to the report, part of the acquisition terms relocate Medtronic’s executive offices from the U.S. to Ireland, which has a relatively low corporate tax rate of 12.5 percent. Meanwhile, Medtronic plans to maintain its operational facilities in Minneapolis, which currently employs more than 8,000 American workers.
Both companies hope for the annual savings from this transaction to total at least $850 million by the end of the 2018 financial year. Regulatory authorizations from China, the European Union, and the U.S., as well as approval from both of the companies’ shareholders, are still needed before the acquisition is finalized.
Business transactions like this can be beneficial for your business, especially when guided by a knowledgeable business lawyer who understands how the intricate legal business processes in Cedar Rapids work. Speak with an attorney at Arenson Law Group, PC, if you need legal advice and representation when facing business law transactions. Call us today at (319) 363-8199
Apple Inc. has announced its plan to purchase American headphone producer Beats Electronics and online music streaming service provider Beats Music in a multi-billion dollar acquisition deal, according to a Silicon Republic report published online on May 28.
Apple confirmed it will acquire Beats for an initial payment of $2.6 billion and will contribute an additional $400 million over time. The company said the deal will undergo a necessary screening process and is expected to conclude in the fourth quarter of the current fiscal year.
Apple’s senior vice president of Internet Software and Services Eddy Cue stated that the acquisition would further improve Apple’s music product lineup.
During acquisitions, ensuring that your business interests are effectively taken cared of can become an overwhelming task. Thankfully, experienced lawyers at the Arenson Law Group, PC are ready to legally represent business owners in Cedar Rapids during such complicated business procedures. Call us at (319) 363-8199 to learn how we might assist you.