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Amgen buys Abgenix
11 May 2006
Executive Summary
Amgen will pay about $2.2bn in cash to acquire its three-year partner, therapeutic antibody company Abgenix Inc. Abgenix stockholders get $22.50 per common share, about a 57% premium to market. Amgen will also acquire Abgenix's $703mm of outstanding debt.
Deal Industry
- Pharmaceuticals
-
Biotechnology
-
Large Molecule
- Antibodies
-
Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Intra-Biotech Deal
- Payment Includes Cash
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Amgen buys Abgenix
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