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American Home pays $667M for 60% of Genetics Institute

Executive Summary

American Home Products acquired 60% of Genetics Institute for $667 million. Shareholders received a combination of cash and stock worth $50 per share, constituting 40% of the post-merger shares outstanding. AHP acquired 9.5 million new shares for
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Partial Acquisition

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