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Ciba-Geigy AG to hold 49.9% of Chiron
13 Jul 1999
Executive Summary
Ciba-Geigy is increasing its stake in Chiron to 49.9% (from 1.4 million to 20 million shares) and after 5 years may choose to increase its stake to 55%. It began a tender offer to purchase 11.9 million shares (37.3% of Chiron) at $117 per share.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Acquisition
- Partial Acquisition
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Ciba-Geigy AG to hold 49.9% of Chiron
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