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Celgene to pay $2.9bn to acquire Abraxis BioScience
Jul 2010
Executive Summary
Publicly traded Abraxis BioScience Inc. (nanoparticle-based cancer drugs) has agreed to be acquired by Celgene Corp. for $2.9bn. For each of its company's shares held, Abraxis stockholders will receive $58 in cash and 0.2617 Celgene shares, or about $72 per share (a 17% premium).
Deal Industry
-
Biotechnology
- Nanotechnology, Chips, etc.
-
Pharmaceuticals
-
Drug Delivery
- Site Specific
-
Drug Delivery
Deal Status
- Final
Deal Type
-
Acquisition
- Payment Includes Stock
- Includes Contract
- Intra-Biotech Deal
- Includes Earnout
- Payment Includes Cash
- Full Acquisition
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Celgene to pay $2.9bn to acquire Abraxis BioScience
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