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AHP acquires rest of Genetics Institute for about $1.25bn

Executive Summary

American Home Products exercised its option to acquire the remaining 40% interest in Genetics Institute it did not already own for about $1.25bn, or $85 for each of GI's outstanding shares, about a 38% premium to GI's recent trading price of $61.50.
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Partial Acquisition
    • Payment Includes Cash

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