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JWCA advises gilead sciences on its $5 billion accelerated share repurchase

FEBRUARY 2016 | read press release

Transaction Background

J. Wood Capital Advisors acted as financial advisor to Gilead Sciences, and led the execution of the Company's accelerated share repurchase

  • Evaluated various share repurchase strategies with Gilead's team upfront (including ASRs) in an unbiased and manner

  • Assisted the Gilead team with design, documentation, and accounting review

  • Created a process to achieve the best terms for Gilead:

- Led an auction process to drive the best ASR terms for Domino's

- Created the documents with the company upfront to ensure company-friendly provisions

  • Provided advice, support and analysis during the execution

Results

  • Partnered with Gilead's internal team to execute the ASR seamlessly and efficiently

  • Helped to achieve incremental savings via a bidding process