M&A
confidence high
sentiment neutral
materiality 0.75
Clarivate sells Life Sciences & Healthcare business to Altaris for $600M
CLARIVATE PLC
- Purchase price $600M: $500M cash at close, $25M deferred, $75M senior note.
- Transaction expected to close by end of 2026; no shareholder vote required.
- Buyer's termination fee of $33M guaranteed by Altaris funds.
- Henry Levy, President of the business, gets retention agreement: RSU vesting, PSU cancellation, severance if terminated without cause within 6 months post-close.