News and analysis on global M&A and corporate financing strategies

Finance / Belgium

Shire To Boost Its GI Portfolio Via Movetis Acquisition

August 2010 | M&A Analysis

Multinational drugmaker Shire is to acquire Belgian drugmaker Movetis for EUR428mn (US$565mn), or EUR19 a share - a 60% premium on their earlier price of EUR11.90 - funded by the company's cash resources. Shareholders with a total of 38.9% of Movetis's shares, including Sofinnova Partners, Sofinnova Ventures and Life Sciences Partners, have agreed to back the deal.

To read the full article, please choose one of the following options:

Subcribers please log in