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Lilly acquires AME for stock and cash

Executive Summary

To power up its biotech effort, Lilly has agreed to acquire Applied Molecular Evolution (technology for optimizing large molecules) for about $400mm. AME stockowners will receive $18 for each outstanding share (a 48% premium), and they may elect to take it in cash or stock (number of shares to be based on Lilly's market price when the deal closes), with the stipulation that 80% of the total payment must be in stock.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Genomics-Proteomics
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Includes Contract
    • Payment Includes Stock
    • Full Acquisition

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