Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Dec 04, 2018

GlaxoSmithKline’s $5.1 Billion Acquisition of Tesaro

Shearman & Sterling is representing global pharmaceutical company GlaxoSmithKline in its acquisition of oncology-focused biopharmaceutical company Tesaro. The proposed transaction will significantly strengthen GSK’s pharmaceutical business, accelerating the build of GSK’s pipeline and commercial capability in oncology.

The acquisition price of $75 per share in cash represents a 110 percent premium to Tesaro’s 30-day volume weighted average price of $35.67 and an aggregate consideration of about $5.1 billion including the assumption of Tesaro’s net debt.

The Team