trending Market Intelligence /marketintelligence/en/news-insights/trending/HFOcNw34Iz2k_1afBxE7RQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Roche purchases shares in $4.3B Spark tender offer; deal on track to completion

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Roche purchases shares in $4.3B Spark tender offer; deal on track to completion

Roche Holding AG said it accepted for payment all shares in the tender offer to acquire Spark Therapeutics Inc. in a $4.3 billion all-cash deal.

Citibank NA, the depositary for the tender offer, advised the Swiss pharmaceutical company that about 23,276,342 of Spark's common shares were validly tendered and not validly withdrawn, representing about 60.4% of the latter's outstanding common stock.

Basel-based Roche launched the buyout offer to acquire all outstanding shares of the Philadelphia-based gene therapy maker for $114.50 apiece in March.

The tender offer expired at 5:00 p.m. ET on Dec. 16 and was not extended. The offer has been extended 10x to allow for further regulatory scrutiny into the deal.

On Dec. 16, Roche finally cleared regulatory hurdles after the U.K. Competition and Markets Authority and the U.S. Federal Trade Commission granted unconditional clearance to the transaction.

Roche said it plans to complete the takeover Dec. 17 without a vote or meeting of Spark's shareholders.

After deal closing, Spark will become a wholly owned unit of Roche. Spark's shares will no longer trade on the Nasdaq Stock Market.