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American Home pays $667M for 60% of Genetics Institute
13 Jul 1999
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
- Pharmaceuticals
-
Biotechnology
- Drug Discovery Tools
Deal Status
- Final
Deal Type
-
Acquisition
- Partial Acquisition
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American Home pays $667M for 60% of Genetics Institute
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