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MGI Pharma to buy Guilford Pharmaceuticals for $174mm

Executive Summary

MGI Pharma has agreed to acquire all of Guilford Pharmaceuticals' 46.5mm outstanding shares for stock and cash totaling about $174mm. It will pay $3.75 per share (a 62% premium), comprising a fractional share of MGI stock worth $2.625--the exact fraction to depend on MGI's trading price just before the deal closes--plus $1.13 in cash.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Includes Contract
    • Payment Includes Stock
    • Intra-Biotech Deal
    • Full Acquisition

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