Theratechnologies Explores New Acquisition Deal Amid Future Pak Offers
Deal News | Apr 11, 2025 | Globenewswire
Theratechnologies Inc., a biopharmaceutical company, has responded to offers to acquire the company from Future Pak, LLC. Despite receiving multiple unsolicited offers from Future Pak, Theratechnologies has preferred an exclusive discussion with another potential acquiror, who has performed extensive due diligence. The negotiations are ongoing, and if a definitive agreement is reached, it will include a 'go shop' provision permitting Theratechnologies to explore further offers. A special committee consisting of independent directors has been formed to assess the acquisition proposals, aided by financial and legal advisors. Theratechnologies stresses no certainty of deal completion and advises against reliance on speculative forward-looking statements. Investor and media contacts have been provided.
Sectors
- Biopharmaceuticals
- Mergers and Acquisitions
Geography
- Canada – Theratechnologies is based in Montreal, Canada, which is central to the geographical context of the news.
Industry
- Biopharmaceuticals – Theratechnologies is involved in the commercialization of biopharmaceutical products, hence this classification.
- Mergers and Acquisitions – The article discusses potential acquisition offers and negotiations, making M&A a relevant sector.
Financials
- US$100 million – The initial cash consideration offered by Future Pak to acquire Theratechnologies, which was rejected.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Theratechnologies Inc. | Target Company | Company | A commercial-stage biopharmaceutical company. |
| Future Pak, LLC | Bidding Company | Company | A company making unsolicited proposals to acquire Theratechnologies. |
| Potential Acquiror | Potential Buyer | Company | An undisclosed entity engaged in exclusive acquisition discussions with Theratechnologies. |
| Barclays Capital Inc. | Financial Advisor | Company | Advising Theratechnologies' special committee on the acquisition proposals. |
| Fasken Martineau DuMoulin LLP | External Legal Advisor | Company | Providing legal advice to the special committee of Theratechnologies. |