Biogen Idec Inc.

Biogen Idec Extends Offer to Acquire Facet Biotech Corporation for $14.50 Per Share in Cash

Published in Healthcare Mergers, Acquisitions and Ventures Week, November 7th, 2009

Biogen Idec Inc. (NASDAQ:BIIB) announced that it has extended the tender offer by its wholly owned subsidiary, FBC Acquisition Corp., to purchase all of the outstanding shares of Facet Biotech Corporation (NASDAQ: FACT) to 12:00 midnight New York City time on December 16, 2009, unless otherwise extended. The tender offer was previously set to expire at 12:00 midnight New York City time on October 19, 2009.

"Our offer price remains unchanged at $14.50 per share in cash, which is a substantial premium to where Facet Biotech's stock was trading prior to our offer," said Biogen Idec's President and Chief Executive Officer James C. Mullen. "We continue to believe our offer...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Healthcare Mergers, Acquisitions and Ventures Week

Source: Healthcare Mergers, Acquisitions and Ventures Week (2009-11-07)

More Articles from Healthcare Mergers, Acquisitions and Ventures Week

Abbott
Abbott Completes Visiogen Acquisition
Aero Financial, Inc.
Aero Financial Acquires Controlling Interest in Entelechis Corporation
AnaSpec, Inc.
Eurogentec Announces Agreement to Acquire AnaSpec, Inc.
Biomet, Inc.
Biomet Announces Acquisition of the Assets of Cartilage Repair Company Cartilix
Bioscience
OriGene Technologies Acquires Marligen Biosciences
Continucare Corporation
Continucare Expands Sleep Diagnostic Division with the Acquisition of Two Additional Centers
More from this issue of Healthcare Mergers, Acquisitions and Ventures Week

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry