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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

Rank Lead Manager Amount $m No of issues Share %
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5 Mizuho 5,728.41 17 6.01%

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5 Goldman Sachs 14,186.11 61 5.49%

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3 UniCredit 41,359.69 188 5.40%
4 Credit Agricole CIB 40,926.79 205 5.34%
5 SG Corporate & Investment Banking 40,522.15 156 5.29%

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1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
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5 Deutsche Bank 21.89 32 4.14%