The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Jan. 29, 6:00 PM

Slide #40. Sun Pharmaceutical Industries Limited Concert Pharmaceuticals

Acquirer: Sun Pharmaceutical Industries Limited
Acquiree: Concert Pharmaceuticals
Details: Sun Pharmaceutical Industries Limited (Reuters:SUN.BO) (Bloomberg:SUNP.IN) (NSE:SUNPHARMA) (BSE: 524715) (together with its subsidiaries and/or associated companies, "Sun Pharma") and Concert Pharmaceuticals, Inc. (NASDAQ: CNCE) ("Concert") today announced that they have executed a definitive agreement under which Sun Pharma will acquire all outstanding shares of Concert through a tender offer for an upfront payment of$8.00per share of common stock in cash, or$576 millionin equity value. Concert stockholders will also receive a non-tradeable contingent value right (CVR) entitling holders to receive up to an additional$3.50per share of common stock in cash, payable upon deuruxolitinib achieving certain net sales milestones within specified periods, subject to the terms and conditions contained in a contingent value rights agreement detailing the terms of the CVRs. The transaction was approved by the Boards of Directors of both companies.

  Both companies are privately held or listed on a foreign exchange.
 

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