WASHINGTON, D.C., November 24, 2020 - Baker Botts L.L.P. announced today that its client Merck & Co., Inc. (NYSE:MRK) has entered into a definitive agreement to acquire all outstanding shares of OncoImmune for $425 million in cash.
With the acquisition of Oncolmmune, a privately-held clinical-stage biopharmaceutical company, Merck will expand its range of clinical programs in response to COVID-19. Merck’s press release can be found here.
The Baker Botts team, which provided antitrust counsel for Merck on the transaction, was led by Antitrust Practice Co-Chair Stephen Weissman, Special Counsel Mike Bodosky and Senior Associate Christine Ryu-Naya. The Firm’s antitrust team has represented Merck in a number of transactions this year.
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