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Genzyme to buy GelTex in $1bn cash/stock deal
Sep 2000
Executive Summary
Genzyme General is buying GelTex for about $1bn--$500mm in cash and $500mm in Genzyme common stock. Each GelTex share will be exchanged for $47.50 in cash or 0.7272 in stock (a premium of 27% based on the price of Genzyme stock at announcement), subject to proration to keep the cash part at 50%.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Cash
- Includes Contract
- Payment Includes Stock
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Genzyme to buy GelTex in $1bn cash/stock deal
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