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Servier Acquires Shire Oncology Business for $2.4B

The gross assets that are the subject of the transaction are approximately $1.6 billion

Shire has entered into a definitive agreement with Servier to sell its Oncology business for $2.4 billion.     Under the terms of the agreement, Servier has agreed to acquire Shire’s Oncology business for a total consideration of $2.4 billion, in cash, upon completion.  In 2017, the Oncology business generated revenues of $262 million. The total consideration represents a revenue multiple of 9.2 times 2017 revenues.  The transaction covers the transfer of Shire’s Oncology bus...

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