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Chiron refuses $4.5bn Novartis offer, later accepts $5.1bn
Sep 2005
Executive Summary
Stating that the offer is "inadequate," Chiron has refused Novartis's proposal to buy the 57.8% of Chiron (112mm fully diluted common shares) it doesn't already own. The offer was $40 cash per share (a 12% premium), for a total of $4.5bn.
Deal Industry
- Biotechnology
-
Pharmaceuticals
- Vaccines
Deal Status
- Final
Deal Type
-
Acquisition
- Partial Acquisition
- Payment Includes Cash
- Includes Contract
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Chiron refuses $4.5bn Novartis offer, later accepts $5.1bn
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