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Seattle Genetics public offering nets $659mm to fund Cascadian purchase
02 Feb 2018
Executive Summary
Seattle Genetics Inc. (targeted antibody-based cancer therapies) netted $659mm through a public offering of 13.27mm common shares (including the overallotment) at $52. Proceeds will fund the firm's acquisition of Cascadian Therapeutics; on the same day it announced the FOPO, Seattle Genetics offered $10 per share or approximately $614mm to purchase the oncology drug development company.
Deal Industry
- Pharmaceuticals
-
Biotechnology
-
Large Molecule
- Antibodies
-
Large Molecule
Deal Status
- Final
Deal Type
-
Financing
- FOPO
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