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Kyowa Hakko to pay £292mm for spec pharma ProStrakan

Executive Summary

Kirin Holdings Co. Ltd.’s pharma group Kyowa Hakko Kirin Co. Ltd. is attempting to acquire public Scottish company ProStrakan Group PLC for £292mm ($473mm) in cash. Kyowa will pay £1.30 per share, a 31% premium to the ten-day average prior to November 12, 2010, when ProStrakan began its offer period. ProStrakan said it had received bids from several suitors over the past few months, including an unsolicited £1-per-share offer from Norgine.
Deal Industry
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Full Acquisition

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