M&A
confidence high
sentiment neutral
materiality 0.90
Halozyme completes Antares acquisition for $5.60/sh; total consideration ~$1.0457B
HALOZYME THERAPEUTICS, INC.
- Aggregate purchase consideration $1,045.7M; each Antares share converted into $5.60 cash.
- Pro forma combined 2021 revenue $627.3M, net income $286.2M; basic EPS $2.04.
- Pro forma Q1 2022 revenue $158.8M, net income $36.2M; basic EPS $0.26.
- Financing includes $250M term loan and $350M revolving credit facility from BofA.
- Nonrecurring acquisition-related costs of $40.5M expensed in pro forma statements.