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In the largest biotech transaction so far this year, UCB SA has agreed to acquire the approximately 278mm common shares of Celltech Group PLC for £1.53bn ($2.7bn) in cash, or almost six times the company's 2003 sales. Analysts say the merged biopharmaceutical company will rank fifth in sales volume worldwide--following behind Amgen, Novo Nordisk, Schering AG, and Genentech.
Payment Includes Cash
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