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Actavis shells out $23 per share for Durata; deal valued at $616mm
In a move that significantly enhances its emerging infectious disease business, specialty pharmaco Actavis PLC is acquiring public Irish firm Durata Therapeutics Inc. for $23.00 in cash per share (a 75% premium), valuing the transaction at $616mm. Actavis will also issue Durata stockholders contingent value rights (CVRs) to receive up to $5.00 per share if certain regulatory and commercial milestones are met for its lead product Dalvance (dalbavancin).
Payment Includes Cash
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