Finance / Japan
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Shionogi To Pay 60% Premium For Sciele Pharma
September 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The fourth Japanese outbound pharmaceutical deal in less than a year was announced on September 2 by Shionogi. The prescription drug firm said that it will buy US-based Sciele Pharma for US$1.4bn. Shionogi will pay US$31 a share for Sciele, a premium of 57% to Sciele's six-month share price up to August 29, and a 61% premium to its August 29 closing price.