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Celgene to pay $2.9bn to acquire Abraxis BioScience
16 Sep 2013
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
- Pharmaceuticals
-
Pharmaceuticals
-
Drug Delivery
- Site Specific
-
Drug Delivery
-
Biotechnology
- Nanotechnology, Chips, etc.
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Includes Earnout
- Intra-Biotech Deal
- Payment Includes Cash
- Payment Includes Stock
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Celgene to pay $2.9bn to acquire Abraxis BioScience
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