Navigation Links
Royal DSM and JLL create leading pharma services company in USD 2.6 bn transaction
Date:11/18/2013

transaction are as follows:

  • NewCo will be owned by JLL (51%) and DSM (49%).
  • JLL will contribute USD 489 million in cash to NewCo and DSM will contribute DSM Pharmaceutical Products (DPP) and receive a seller note of USD 200 million, thereby valuing DPP at USD 670 million.
  • NewCo has entered into a definitive agreement to effect a Plan of Arrangement pursuant to the Canada Business Corporations Act ("POA") with Patheon under which NewCo would acquire Patheon for USD 9.32 per share in cash resulting in a:
    • total enterprise value for Patheon of approximately USD 1.95 billion (about €1.45 billion)
    • 64% premium to Patheon's closing share price on 18 November, 2013
  • Patheon's Board of Directors, acting on the unanimous recommendation of a committee of independent directors, recommends that Patheon' shareholders vote in favor of the POA.
  • JLL and the executive officers and directors of Patheon, who collectively own approximately 66% of the outstanding shares of Patheon, have signed Voting Agreements in support of the POA.
  • Committed financing to be funded at closing of USD 1.65 billion has been secured from J.P. Morgan, UBS, Jefferies, Morgan Stanley and KeyBank.
  • Subject to customary conditions, the transaction is expected to close in H1 2014.
  • DSM will deconsolidate DPP after closing.
  • The transaction is expected to be EPS accretive for DSM from 2015 onwards.

Patheon is a leading provider of contract development and commercial manufacturing services to the global pharmaceutical industry, with a focus on drug products. In the 12 months ending 31 July 2013, the company recorded revenues of USD 943 million and pro-forma consolidated EBITDA (per credit agreement definition) of USD 188 million. The company has around 5,900 employees.

DPP is a leading pro
'/>"/>

SOURCE Royal DSM
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10

Related medicine technology :

1. AcelRx Pharmaceuticals Hires Mike A. Royal, M.D. as Chief, Clinical Affairs
2. Royalty Rates Take Center Stage in Biopharma Dealmaking
3. Home Affairs Committees Drugs Report: Angelus Foundation Says the Prime Minister Should Not Have Rejected a Royal Commission
4. NeuroSigma Invited to Present an Overview of eTNS for the Treatment of Epilepsy and Depression at The Royal Society of Medicine in London
5. Royalty Pharma Announces Proposal To Acquire Elan
6. PDL BioPharma Provides First Quarter 2013 Royalty Revenue Guidance of $92 Million
7. Royalty Rates for Pharmaceuticals & Biotechnology: Real-Deal Information for Hundreds of Transactions
8. PDL BioPharma Completes Structured Financing and Royalty Transaction with Avinger
9. Selexis SA Sells Rights to Royalty Payments for More Than 15 Biologic Development Programs to Ligand Pharmaceuticals
10. Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash
11. Royalty Pharma Reduces Acceptance Condition to 50% Plus One Share
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/31/2015)... , July 31, 2015 ... decades of experience, the domestic pharmaceutical industry is strong, ... manufacture products to high international standards. One ... known is in sub-Saharan Africa: Morocco has quietly become ... South Africa . Indeed, Moroccan pharma ...
(Date:7/31/2015)... Inc. (Nasdaq: SMLR ), a company that provides ... groups, today reported financial results for the second quarter ... second quarter of 2015, Semler reported continued progress with ... quarter revenue growth of 8%, and quarter over quarter ... 18%," said Doug Murphy-Chutorian, M.D., chief executive officer of ...
(Date:7/31/2015)... 31, 2015  Xencor, Inc. (NASDAQ: XNCR ), ... the treatment of autoimmune diseases, asthma and allergic diseases, ... S. Hata to its board of directors. ... corporate development is a tremendous asset to our board," ... executive officer of Xencor. "Xencor faces a range of ...
Breaking Medicine Technology:PharmaBoardroom Releases New Morocco Pharmaceuticals Report 2PharmaBoardroom Releases New Morocco Pharmaceuticals Report 3Semler Reports Second Quarter 2015 Financial Results 2Semler Reports Second Quarter 2015 Financial Results 3Semler Reports Second Quarter 2015 Financial Results 4Semler Reports Second Quarter 2015 Financial Results 5Semler Reports Second Quarter 2015 Financial Results 6Xencor Appoints Yujiro S. Hata to Board of Directors 2Xencor Appoints Yujiro S. Hata to Board of Directors 3
... Althea Technologies, Inc., a leading provider of development ... products, announced today that it has completed the ... filling line.  This line is located in Althea,s ... Diego. The expanded capacity complements existing prefilled syringe ...
... CHARLESTON, S.C., Oct. 19 The National Association ... of a $200,000 grant from Purdue Pharma L.P. ... Charleston, South Carolina. The grant is part of ... expansion and awareness of appropriately-designed state prescription drug ...
Cached Medicine Technology:Althea Technologies Announces the Installation of a High-Speed Prefilled Syringe Line 2NASCSA Receives $200,000 Grant From Purdue Pharma L.P. to Support State Prescription Drug Monitoring Programs 2
(Date:7/31/2015)... ... ... Precision Aesthetics is New York’s only Thermage skin tightening pinnacle and black diamond ... non-surgical fat reduction in New York. Due to its unparalleled level of experience ... Many patients travel to New York to get their non-surgical skin tightening and body ...
(Date:7/31/2015)... , ... July 31, 2015 , ... Sculpted Contours Luxury ... CoolSmooth PRO this week. Zeltiq Aesthetics released this new applicator in the United ... 2014 for treating the outer thighs. The original applicator required a 2 hour ...
(Date:7/31/2015)... ... July 31, 2015 , ... Coco Libre announced today that their ... VIPs at the 2015 Vans US Open of Surfing, July 25 through August 2 ... “no added sugar” on the market, is a natural choice given the Open’s commitment ...
(Date:7/31/2015)... Angeles, CA (PRWEB) , ... July 31, 2015 , ... ... surgeons and cosmetic experts gathered to see if they could reach a consensus on ... including breast augmentation and facelifts. Overall, the group reached 90 percent consensus on a ...
(Date:7/31/2015)... Dallas, Texas (PRWEB) , ... July 31, 2015 , ... ... Pet Sitter believes community involvement and support of animal welfare organizations is essential to ... for the third consecutive year in the National Association of Professional Pet Sitters (NAPPS) ...
Breaking Medicine News(10 mins):Health News:Cooler Coolsculpting in Atlanta: Treatments Now Twice As Fast 2Health News:Cooler Coolsculpting in Atlanta: Treatments Now Twice As Fast 3Health News:Coco Libre Brings Eco-conscious Hydration to Vans US Open of Surfing 2Health News:Article on Plastic Surgery Consensus Highlights the Duties of Veteran Plastic Surgeons, says Beverly Hills Physicians 2Health News:Article on Plastic Surgery Consensus Highlights the Duties of Veteran Plastic Surgeons, says Beverly Hills Physicians 3Health News:Dallas-based Park Cities Pet Sitter Selects Non-Profit Animal Welfare Organization “Angie’s Friends” as this Year’s Recipient of their Presents 4 Pets Supply Drive. 2Health News:Dallas-based Park Cities Pet Sitter Selects Non-Profit Animal Welfare Organization “Angie’s Friends” as this Year’s Recipient of their Presents 4 Pets Supply Drive. 3Health News:Dallas-based Park Cities Pet Sitter Selects Non-Profit Animal Welfare Organization “Angie’s Friends” as this Year’s Recipient of their Presents 4 Pets Supply Drive. 4
... circadian clock known as the suprachiasmatic nucleus, or SCN ... begins to decline by middle age. The study, whose senior ... the large number of older people who have difficulty sleeping ... a profound effect on circadian timing," said Block, a professor ...
... half of all Alzheimer,s disease cases could potentially be ... chronic medical conditions, according to a study led by ... San Francisco VA Medical Center. Analyzing data from ... participants, Barnes concluded that worldwide, the biggest modifiable risk ...
... PHILADELPHIA - Years after a single traumatic brain injury ... a new study, researchers from the Perelman School of ... disease-like neurodegeneration may be initiated or accelerated following a ... Over 1.7 million Americans suffer a traumatic brain injury ...
... , MONDAY, July 18 (HealthDay News) -- Genetically engineered human ... according to a new study. And, the researchers ... repair and function in these mice doubled that of control ... 20 weeks. "This study brings us one step closer ...
... JULY 18, 2011 Registration is now open for ... the Cardiovascular Research Foundation, which will return to San ... year, groundbreaking scientific advances in interventional cardiology presented at ... cause of death in the United States, is viewed ...
... levels of ,bad, cholesterol (LDL cholesterol) are a risk ... disease of the major arterial blood vessels that is ... stroke. Although the use of statins and the adoption ... decreased the incidence of and mortality from ASCVD, many ...
Cached Medicine News:Health News:Study shows new evidence of age-related decline in the brain's master circadian clock 2Health News:Study shows new evidence of age-related decline in the brain's master circadian clock 3Health News:Study shows new evidence of age-related decline in the brain's master circadian clock 4Health News:Study shows new evidence of age-related decline in the brain's master circadian clock 5Health News:Over half of Alzheimer's cases may be preventable, say researchers 2Health News:Single traumatic brain injury may prompt long-term neurodegeneration 2Health News:Human Stem Cells Used to Fix Damaged Mouse Heart 2Health News:Innovations in cardiovascular therapies and treatments will be presented at TCT 2011 2Health News:JCI online early table of contents: July 18, 2011 2Health News:JCI online early table of contents: July 18, 2011 3Health News:JCI online early table of contents: July 18, 2011 4Health News:JCI online early table of contents: July 18, 2011 5Health News:JCI online early table of contents: July 18, 2011 6Health News:JCI online early table of contents: July 18, 2011 7
... Used for temporary suprapubic urinary diversion and ... the bladder. The access sheath is left ... the catheter is introduced, the access sheath ... catheter support is included for external catheter ...
... The Reflotron Plus Chemistry Analyzer is an ... the quantitative determination of clinical chemistry parameters using ... of reflectance photometry and ensures rapid and reliable ... shown on a clear LC display and the ...
... B19 ASR contains primers and a FAM-labeled probe ... addition, the Parvo B19 ASR contains primers and ... sequence. This ASR requires an instrument that can ... SmartCycler System., The Cepheid Analyte Specific Reagent* (ASR) ...
... The Enterovirus ASR contains primers, a FAM-labeled probe ... to detect a 115 bp region of the ... can detect FAM, Alexa 532 and Texas Red ... Cepheid Analyte Specific Reagent* (ASR) program is comprised ...
Medicine Products: