Invesco Perpetual Income Fund and Invesco Perpetual High Income Fund are to purchase 5,917,160 ordinary shares of Alkermes at a price of USD42.25 per share through a registered direct offering.
The deal representing approximately four per cent of Alkermes' fully diluted shares outstanding.
The transaction is expected to provide gross proceeds of USD250m to Alkermes before deducting costs associated with the offering. These proceeds will be used for general corporate purposes.
The parties expect to close the transaction on or about 16 January.
Ondra Partners provided advisory services to Alkermes in connection with this transaction.