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Mergers and Acquisitions

Merger agreement with Cephalon approved

Published in Biotech Business Week, July 12th, 2004

Cima Labs, Inc. (CIMA) announced that the stockholders of the company voted to approve the agreement and plan of merger between the company and Cephalon, Inc., (CEPH) at a special stockholders' meeting held in Bloomington, Minnesota.

The merger remains subject to approval by the Federal Trade Commission, which is currently reviewing the transaction.

Approximately 99.4% of stockholders present in person or by proxy voted in favor of the merger agreement. The number of shares voting to approve the Agreement and Plan of Merger represents approximately 71.3% of the outstanding shares entitled to vote.

On November 3, 2003, Cima and...

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