Johnson & Johnson to Buy Momenta for $6.5B

Lavern Vogel

Johnson & Johnson has achieved a offer to get Momenta Prescribed drugs for $fifty two.50 per share or $six.5 billion in an all dollars offer, the firms said.

The valuation represents a 70% top quality to Momenta’s closing cost on August 18, 2020. The company’s inventory cost jumped additional than 69% in premarket buying and selling Wednesday. As of yesterday, Momenta’s inventory was up 56.two% 12 months to date.

The offer will give J&J’s Janssen unit entry to nipocalimab, an experimental therapy Momenta is acquiring to handle autoimmune disorders. Nipocalimab is becoming tested as a procedure for myasthenia gravis, a neuromuscular sickness.

“Programs this sort of as nipocalimab have the opportunity to improve the life of many individuals suffering from autoimmune and fetal maternal disorders,” Momenta main govt officer Craig Wheeler said in a statement. “This acquisition provides potent worth for our shareholders and makes sure a level of investment

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Airbnb Submits Draft Paperwork for Long-Rumored IPO

Lavern Vogel

On Wednesday, the journey web page Airbnb announced that it submitted a draft registration statement to the Securities and Trade Commission proposing an initial general public presenting of its common stock.

What Occurred: Airbnb, soon after previously stories this month that it would go forward with an IPO, submitted paperwork with the SEC Wednesday.

Exterior the filing becoming reported, no details was unveiled on value range or shares becoming provided.

Why It’s Critical: Airbnb has been rumored to be preparing to go general public for months.

The San Francisco-centered business saw a significant fall in second-quarter earnings, with profits slipping sixty seven% yr-above-yr to $335 million in the June-ending quarter, in accordance to Bloomberg.

No disclosures have been created Wednesday as to the firms underwriting the IPO. The Wall Road Journal previously reported that Morgan Stanley and Goldman Sachs Group were potential underwriters.

Airbnb was founded in 2008 and at

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Don’t Let COVID-19 Kill Your Deal

Lavern Vogel

Time tends to be the enemy of all offers. Especially in a merger or acquisition, the longer the procedure drags on, the greater the likelihood a offer falls apart. And individuals in search of venture financings are finding the longer the offer requires, the reduce the valuations and investor curiosity. So, in the period of COVID-19 when the unexpected has become common, time is even a lot more precarious. Tech startups on the lookout to mergers or acquisitions as their exit strategy should acknowledge that the clock is ticking and put together accordingly to guarantee the fairway to signing is as clear as doable.

Below a several very best techniques to assistance make sure an M&A transaction gets finished.

  • Be certain that the letter of intent has a constrained exclusivity provision to assistance travel a continuous timeline for owing diligence and negotiation of the agreements. Though the exclusivity period of
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