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UCB buys Celltech for £1.53bn in cash
May 2004
Executive Summary
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.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Acquisition
- Payment Includes Cash
- Full Acquisition
- Includes Contract
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UCB buys Celltech for £1.53bn in cash
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