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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).

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