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Horizon Therapeutics to acquire HBM portfolio company Viela Bio for USD 3.05 billion in cash

·1-min read

HBM Healthcare Investments AG / Key word(s): Acquisition

01-Feb-2021 / 18:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Horizon Therapeutics (Nasdaq: HZNP) and Viela Bio (Nasdaq: VIE) today announced that the companies have entered into a definitive agreement under which Horizon will acquire all of the issued and outstanding shares of Viela Bio for USD 53.00 per share in cash, which represents a fully diluted equity value of approximately USD 3.05 billion. The deal is expected to close by the end of the first quarter 2021.


HBM Healthcare Investments invested a total of USD 29.5 million in Viela since July 2019, when the company was still privately held. As of today, HBM Healthcare Investments holds 1.75 million Viela shares worth USD 92.75 million, based on the takeover price of USD 53.00 per share, which represents a 53 percent premium over Viela's closing share price of USD 34.68 of last Friday.


End of ad hoc announcement

Language:

English

Company:

HBM Healthcare Investments AG

Bundesplatz 1

6300 Zug

Switzerland

Phone:

+41438887171

Fax:

+41438887172

E-mail:

info@hbmhealthcare.com

Internet:

https://www.hbmhealthcare.com

ISIN:

CH0012627250

Valor:

1262725

Listed:

SIX Swiss Exchange

EQS News ID:

1164967


 

End of Announcement

EQS Group News Service

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