Galenica acquires Aspreva Pharmaceuticals Corporation
Date Closed
January 3, 2008
Lead Office
Toronto
Value
943.00 Million USD
On January 3, 2008 Galenica AG completed its acquisition of Aspreva Pharmaceuticals Corporation pursuant to a statutory plan of arrangement under which Aspreva shareholders received US$26.00 per share in cash. The aggregate consideration paid pursuant to the plan of arrangement was approximately US$943 million and was financed by term and revolving credit facilities of US$950 million and CHF$150 million provided by The Royal Bank of Scotland plc.
McCarthy Tétrault advised Asperva with a team that included Gary Girvan, Lorna Telfer, Richard Balfour, Joseph Garcia, Orysia Semotiuk, Brian Vick, Salima Datoo, David Frost and Genevieve Pinto (securities/corporate), Madeleine Renaud (competition), Patrick McCay and Marc Darmo (tax) and John Pearson (life sciences).