03/02/2011
Cooley Advises Clinical Data in $1.2 Billion Sale to Forest Labs
Palo Alto, Calif. – March 2, 2011 – Cooley LLP announced it advised Clinical Data, Inc. (NASDAQ: CLDA), in its $1.2 billion sale to Forest Laboratories, Inc. (NYSE: FRX) announced last week. Forest will finance the transaction with existing cash. The transaction was approved by the boards of both companies and is expected to be completed in the second quarter of 2011, subject to customary closing conditions.
The Cooley team advising Clinical Data included partners Barbara Borden (M&A practice group head), Marc Recht, Robert Jones and Miguel Vega, special counsel Rama Padmanabhan and associates Rob Hadfield, Mike Chapin and Erin Walczewski. Antitrust partner Francis Fryscak, Compensation & Benefits partner Thomas Welk and Tax partner Dan Meehan also assisted in the transaction.
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