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AHP acquires rest of Genetics Institute for about $1.25bn
13 Jul 1999
Executive Summary
American Home Products exercised its option to acquire the remaining 40% interest in Genetics Institute it did not already own for about $1.25bn, or $85 for each of GI's outstanding shares, about a 38% premium to GI's recent trading price of $61.50.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Partial Acquisition
- Payment Includes Cash
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AHP acquires rest of Genetics Institute for about $1.25bn
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