Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Roche to buy US biotech firm InterMune for $8.3 billion
8:38 AM MDT | August 25, 2014 | Natasha Alperowicz
Roche (Basel) said today that it has agreed to acquire InterMune (Brisbane, CA), a biotech company focused on R&D and commercializing therapies in pulmonology and orphan fibrotic diseases, for $8.3 billion. The offer represents a premium of 38% to InterMune’s closing price on 22 August and a premium of 63% to InterMune’s unaffected closing price on 12 August. Both companies' boards have approved the agreement. The transaction is expected to close this year. Roche, under the terms of the agreement, will commence a tender offer by 29 August...
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