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BMS adds to cancer pipeline in $235mm Kosan takeover

Executive Summary

Bristol-Myers Squibb agreed to buy publicly traded Kosan Biosciences for $235mm (or $190mm after deducting Kosan's projected net cash balance on June 30, 2008), paying $5.50 cash (a 227% premium) for each of the oncology biotech's 42.65mm shares outstanding.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Drug Discovery Tools
      • Molecular Diversity
        • Natural Products
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Cash

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