Abbott Laboratories $5.8 billion acquisition of Alere

Overview:

• Abbott Laboratories has acquired Alere in a $5.8 billion deal.
• Alere produces infection tests for HIV, tuberculosis, and other communicable diseases.
• Alere's $2.6 billion net debt will be assumed or refinanced by Abbott.
• Evercore was financial adviser to Abbott.
• Kirkland & Ellis (Daniel Wolf, David Feirstein, Laura Sullivan, John Kupiec) advised Abbott.
• Cravath Swaine & Moore (Scott Barshay, Keith Hallam) represented Alere.
• Wilson Sonsini Goodrich & Rosati (Larry Sonsini, Bradley Finkelstein, Jamillia Ferris, Douglas Schnell) advised Evercore.

Kurt Stumpo - Journalist - North America and the Caribbean