secwatch.observer — SEC 8-K summary
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Issuer:     Alkermes plc. (ALKS)
CIK:        0001520262
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001193125-26-047682
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkermes closes Avadel acquisition for $21/share cash + CVR; funded with $1.525B term loans
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- Consideration: $21.00/sh cash plus one non-transferable CVR (potential $1.50/sh) per Avadel share.
- Closed Feb 12, 2026; Avadel shares delisted from Nasdaq.
- Financed with $1.525B term loans (due 2031) and ~$750M cash; $1.5B in LUMRYZ IP to be amortized over 13 years.
- Expected accretive in 2026; FY 2026 guidance on Feb 25; Q1 costs $40M, $180M inventory step-up expensed as COGS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520262/000119312526047682/0001193125-26-047682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520262/000119312526047682/d43532d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-047682

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer