AnorMED accepts Genzyme's Offer of US $13.50 a Share - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

AnorMED accepts Genzyme's Offer of US $13.50 a Share


ePT--the Electronic Newsletter of Pharmaceutical Technology

Untitled Document

Langley, BC, Canada (Oct. 10)—AnorMED Inc. (www.anormed.com) has determined that Genzyme’s (Cambridge, MA, www.genzyme.com) US $580 million offer to acquire all outstanding AnorMED shares at US $13.50 a share is a “superior proposal.” The offer is 12.5% more than that offered by Millennium Pharmaceuticals on September 26.

Genzyme will amend its tender offer to increase the price offered from US $8.55 per share to US $13.50 per share and to extend the expiry date to November 1, 2006. Millennium has three business days to make adjustments to its own offer if the company still wishes to pursue purchase of the outstanding shares.

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
What role should the US government play in the current Ebola outbreak?
Finance development of drugs to treat/prevent disease.
Oversee medical treatment of patients in the US.
Provide treatment for patients globally.
All of the above.
No government involvement in patient treatment or drug development.
Finance development of drugs to treat/prevent disease.
27%
Oversee medical treatment of patients in the US.
14%
Provide treatment for patients globally.
8%
All of the above.
41%
No government involvement in patient treatment or drug development.
11%
Jim Miller Outsourcing Outlook Jim MillerCMO Industry Thins Out
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerFluorination Remains Key Challenge in API Synthesis
Marilyn E. Morris Guest EditorialMarilyn E. MorrisBolstering Graduate Education and Research Programs
Jill Wechsler Regulatory Watch Jill Wechsler Biopharma Manufacturers Respond to Ebola Crisis
Sean Milmo European Regulatory WatchSean MilmoHarmonizing Marketing Approval of Generic Drugs in Europe
FDA Reorganization to Promote Drug Quality
FDA Readies Quality Metrics Measures
New FDA Team to Spur Modern Drug Manufacturing
From Generics to Supergenerics
CMOs and the Track-and-Trace Race: Are You Engaged Yet?
Source: ePT--the Electronic Newsletter of Pharmaceutical Technology,
Click here