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GSK agrees $5.1bn price for cancer drug company

The UK’s GlaxoSmithKline has agreed to buy US oncology company Tesaro for $5.1bn, as 'long overdue' consolidation in the pharmaceutical sector continues apace.

  • By Mike Turner
  • 03 Dec 2018

GSK has offered to buy Tesaro for $75 per share in cash, a 110% premium on the company’s 30 day volume weighted average price of $35.67. The purchase price includes Tesaro’s debt.

“Consolidation in the pharma sector is long overdue,” said one head of loans. “We had Pfizer earlier ...

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Global Syndicated Loan Volume

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1 First Abu Dhabi Bank 766.21 2 8.47%
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1 Abu Dhabi Commercial Bank PJSC 766.21 2 8.47%
5 Standard Chartered Bank 409.06 1 4.52%

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3 Citi 2,570.45 7 6.12%
4 Commerzbank Group 2,532.05 5 6.02%
5 BNP Paribas 1,798.71 8 4.28%

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1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
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5 Deutsche Bank 21.89 32 4.14%