Mergers & Acquisitions

Pharma company to acquire Vicuron Pharmaceuticals

Published in Medical Letter on the CDC and FDA, July 24th, 2005

Pfizer Inc. (PFE) and Vicuron Pharmaceuticals, Inc., (MICU, Nuovo Mercato) announced that they have entered into a definitive merger agreement whereby Pfizer will acquire Vicuron, a biopharmaceutical company focused on the development of novel anti-infectives for both hospital-based and community-acquired infections.

Under the merger agreement, Pfizer will acquire all outstanding shares of Vicuron common stock at a price of $29.10 per share in cash, for an aggregate equity purchase price of approximately $1.9 billion. This price represents a 74% premium over Vicuron's 90-day average closing share price and a 21% premium over Vicuron's highest historical closing price of...

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Source: Medical Letter on the CDC and FDA (2005-07-24)

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