alkermes

American  

[al-kur-meez] / ælˈkɜr miz /

noun

1. a Mediterranean liqueur made from brandy flavored with nutmeg, cinnamon, cloves, and other spices, and colored red with kermes or cochineal.

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Etymology

Origin of alkermes

1595–1605; < Spanish < Arabic al the + qirmiz kermes

Example Sentences

Denmark’s H. Lundbeck has launched a bid worth up to $2.25 billion for Avadel that could upend the latter’s deal to be acquired by Alkermes.

From The Wall Street Journal

Avadel on Friday said its board has determined that H. Lundbeck’s proposal, which includes $21 a share and cash and contingent value rights worth up to an additional $2 a share, would reasonably be expected to result in a superior proposal to the deal with Alkermes, which includes $18.50 a share in cash and CVRs potentially worth $1.50 a share.

From The Wall Street Journal

Dublin-based Avadel said the board’s determination allows it to hold talks with H. Lundbeck, but that its deal with Alkermes currently remains in effect.

From The Wall Street Journal

Alkermes, also based in Dublin, said it is working with its advisers to consider its options and noted that the terms of its deal with Avadel require the latter to discuss and negotiate any potential amended proposal Alkermes may wish to make.

From The Wall Street Journal

The $23-a-share potential value of H. Lundbeck’s bid is 15% above the $20-a-share potential value of the Alkermes deal and nearly 29% above Avadel’s closing price of $17.87 on Oct.

From The Wall Street Journal