Lawyer Monthly Magazine - July 2019 Edition
What’s happening in the world of M&As and IPOs? Each month we take a look at the top deals, mergers and leases in the M&A sphere, often including exclusive insight from the law firms involved in advisory, their opinions and thoughts on the deal, and an exploration of the challenges therein. A topdeal thismonthwas Pfizer Inc. (NYSE: PFE) andArrayBioPharma Inc. (NASDAQ: ARRY) announcing that they have entered into a definitive merger agreement under which Pfizer will acquire Array, a commercial stage biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule medicines to treat cancer and other diseases of high unmet need. Pfizer has agreed to acquire Array for $48 per share in cash, for a total enterprise value of approximately $11.4 billion. Another top deal was Optum, a leading health services company, completing its acquisition of DaVita Medical Group, one of the nation’s leading independent medical groups, from DaVita Inc. (NYSE: DVA). As part of the transaction, HealthCare Partners Nevada, DaVita Medical Group’s primary care practice in southern Nevada, will become part of Intermountain Healthcare. With the M&A sphere being as proactive as ever, over the next few pages, you can read some exclusive interviews with the legal experts who have been working on M&A deals that have taken across all over the globe.
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