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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
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Work +41 58 261 50 00
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Fax +41 58 261 50 01
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www.baerkarrer.ch
Geneva, Lugano, Zug, Zurich

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10 July 2008 - Novartis buys additional 51.7% stake in Speedel

September 2008

On 9 July 2008, Novartis acquired an additional 51.7% stake in Speedel, a listed Swiss biopharmaceutical company through a series of off-exchange transactions with major Speedel shareholders for approx. CHF 525 million in cash.

Novartis will commence a mandatory tender offer to acquire the remaining shares of Speedel and Speedel's activities are planned to be integrated into Novartis. Bär & Karrer is advising Novartis in this matter; Novartis' inhouse legal team is headed by Jörg Walther, global head legal M&A and Antitrust. The Bär & Karrer team comprises the partners Rolf Watter and Dieter Dubs and the associates Philippe A. Huber and Katja Roth Pellanda.

For more information please contact www.baerkarrer.ch 

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