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CAT buys Drug Royalty Corp. for $78mm; agreement terminated

Executive Summary

Cambridge Antibody Technology (human monoclonal antibodies) has agreed to buy Drug Royalty Corp. (acquires royalty interest in drugs) for stock. CAT will pay Drug Royalty shareholders $1.86 ($Cdn3) per share (a 6% premium to the market average) for all outstanding DRC shares.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Withdrawn
Deal Type
  • Acquisition
    • Payment Includes Stock
    • Full Acquisition
    • Payment Includes Cash

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