Pharma BD Deal Intelligence

Endo Health Solutions Inc. / Paladin Labs Inc.

2013 · Acquisition/Merger · $1.6B · Complete

WRONG BY 58 POINTS
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The coverage arc

Nov 05, 2013 BioSpace Bullish

BioSpace detailed the $77/share offer (1.6331 New Endo shares + $1.16 cash), the $233M cash collar protection, and the spin-off of Knight Therapeutics carrying…

Nov 05, 2013 Genetic Engineering & Biotechnology News Bullish

GEN catalogued Paladin's >60-product Canadian portfolio and framed the transaction as accelerating Endo's transformation into a 'top-tier global specialty…

Nov 12, 2013 Treasury & Risk (Bloomberg syndication) Bullish

The deal will allow Endo to reincorporate in Ireland with a lower tax rate, giving it an edge as it pursues more pharmaceutical takeovers; Piper Jaffray…

Source summaries from our enrichment pipeline; follow links for originals.

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Endo to acquire Paladin Labs in stock-and-cash transaction valued ~$1.6B; folded both into new Irish holding company (tax inversion). $75M expected annual cost synergies.

Did it work? Outcome assessment

Strategic verdict
Partially Achieved
Financial impact
Impaired/Written Down
Pipeline outcome
Assets Stalled

Key facts

Related deals — scored

DealYearValueOutcome
Endo Health Solutions Inc. / Paladin Labs Inc. (this deal)2013$1.6B28
Endo Health Solutions Inc. / Boca Pharmacal, LLC2014$225M21
Endo Health Solutions Inc. / Boca Pharmacal, LLC2013$225M19
Endo Health Solutions Inc. / NuPathe Inc.2013$271M
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97
Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital)2013$1.3B91
Stryker Corporation / MAKO Surgical Corp.2013$1.6B91

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