Johnson & Johnson’s $14.6 Billion Acquisition of Intra‑Cellular Therapies, Inc.
January 13, 2025
On January 13, 2025, Johnson & Johnson and Intra‑Cellular Therapies, Inc. announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Intra‑Cellular Therapies, a biopharmaceutical company focused on the development and commercialization of therapeutics for central nervous system (CNS) disorders, for $132 per share in cash for a total equity value of approximately $14.6 billion. Cravath is representing Johnson & Johnson in connection with the transaction.
The Cravath team is led by partners Robert I. Townsend III, Ting S. Chen and Jin‑Kyu Baek and includes associates Maria Ricaurte, Armin Hoss and Priya Patel on M&A matters; partners J. Leonard Teti II and Andrew T. Davis and associate Christopher M. Winters on tax matters; partner Matthew J. Bobby, of counsel Sarah W. Colangelo and associate Caroline Wyatt on executive compensation and benefits matters; partner Sasha Rosenthal‑Larrea and associates Lucille Dai‑He and Vincent Joralemon on intellectual property matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters. Amy Chun also worked on M&A matters and Jay Kober worked on executive compensation and benefits matters.
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