WASHINGTON, D.C., November 5, 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 VelosBio for $2.75 billion in cash.
With the acquisition of VelosBio, a privately held clinical-stage biopharmaceutical company committed to developing first-in-class cancer therapies, Merck will bolster its position in the oncology and precision medicine pipeline. Merck’s press release can be found here.
The Baker Botts team was led by Antitrust Practice Co-Chair Stephen Weissman, special counsel Michael Bodosky and senior associate Matthew Adler. The firm’s antitrust team has represented Merck in a number of transactions over the past few years.
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