8-K
filed November 8, 2023, 6:59 PM ET
CIK 0001270073
M&A
confidence high
sentiment neutral
materiality 1.00
INTERCEPT PHARMACEUTICALS, INC.: M&A transaction — Alfasigma completes acquisition of Intercept Pharmaceuticals for $19.00 per share
INTERCEPT PHARMACEUTICALS, INC.
- Tender offer closed with 74.5% of shares tendered; merger consummated under Section 251(h) without stockholder vote.
- Shares delisted from Nasdaq; Company will file Form 15 to suspend SEC reporting obligations.
- Board replaced by Alfasigma appointees: Francesco Balestrieri, Stefano Pasi, Michele Cera; Jerome Durso remains CEO, Balestrieri appointed President.
- 2.00% Convertible Senior Notes and 3.50% Convertible Senior Secured Notes now convertible into cash at $19.00 per share; holders have repurchase rights.
- Certificate of incorporation and bylaws amended and restated as of the merger effective time.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Francesco Balestrieri was appointed as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
The directors of Purchaser immediately prior to the Effective Time were Francesco Balestrieri, Stefano Pasi and Michele Cera.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jerome Durso resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Glenn Sblendorio resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nancy Miller-Rich resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daniel Bradbury resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Keith Gottesdiener resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Luca Benatti resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paolo Fundarò resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Pruzanski resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michele Cera was appointed as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
The directors of Purchaser immediately prior to the Effective Time were Francesco Balestrieri, Stefano Pasi and Michele Cera.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gino Santini resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Srinivas Akkaraju resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Francesco Balestrieri was appointed as President at INTERCEPT PHARMACEUTICALS, INC..
- Action
- appointed
- Role
- President
Exact text from the filing
Mr. Durso was removed as the President and Mr. Balestrieri was appointed as the President of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jerome Durso was removed as President at INTERCEPT PHARMACEUTICALS, INC..
- Action
- removed
- Role
- President
Exact text from the filing
Mr. Durso was removed as the President and Mr. Balestrieri was appointed as the President of the Surviving Corporation.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stefano Pasi was appointed as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
The directors of Purchaser immediately prior to the Effective Time were Francesco Balestrieri, Stefano Pasi and Michele Cera.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dagmar Rosa-Bjorkeson resigned as Director at INTERCEPT PHARMACEUTICALS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Jerome Durso, Paolo Fundarò, Mark Pruzanski, M.D., Srinivas Akkaraju, M.D., Ph.D., Luca Benatti, Ph.D., Daniel Bradbury, Keith Gottesdiener, M.D., Nancy Miller-Rich, Dagmar Rosa-Bjorkeson, Gino Santini and Glenn Sblendorio each resigned and ceased to be directors
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
INTERCEPT PHARMACEUTICALS, INC.: Bylaws amended and restated in their entirety at the Effective Time pursuant to the merger agreement.
- Change
- bylaw amendment
Exact text from the filing
Pursuant to the terms of the Merger Agreement, at the Effective Time, the Company’s bylaws, as in effect immediately prior to the Effective Time, were amended and restated in their entirety (the “Second Amended and Restated Bylaws”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
INTERCEPT PHARMACEUTICALS, INC.: Certificate of incorporation amended and restated in its entirety at the Effective Time pursuant to the merger agreement.
- Change
- charter amendment
Exact text from the filing
Pursuant to the terms of the Merger Agreement, as of the Effective Time, the Company’s certificate of incorporation, as in effect immediately prior to the Effective Time, was amended and restated in its entirety (the “Amended and Restated Certificate of Incorporation”).
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
INTERCEPT PHARMACEUTICALS, INC. underwent a change of control involving Alfasigma S.p.A. for $19.00 per Share in cash (closed 2023-11-08).
- Action
- change of control
- Counterparty
- Alfasigma S.p.A.
- Consideration
- $19.00 per Share in cash
- Closing
- 2023-11-08
Exact text from the filing
Purchaser commenced a tender offer (the “Offer”) on October 11, 2023, to acquire all of the outstanding shares of the Company’s common stock (the “Shares”) at an offer price of $19.00 per Share, net to the seller in cash, without interest (the “Offer Price”), subject to any applicable withholding taxes. The Offer and related withdrawal rights expired as
View on SEC.gov
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