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Lonza Offers to Acquire Patheon

12:24 AM MDT | August 21, 2009 | Deepti Ramesh

Lonza says it has submitted a non-binding proposal to acquire all of the outstanding restricted voting shares of leading pharmaceutical contract manufacturing and development services company Patheon (Toronto) at a price of $3.55/share. The price offered by Lonza is significantly higher than the offer made by private equity firm JLL of $2/share, say press reports. “An acquisition of Patheon would take us into the complementary activities of finished dosage development and manufacturing for both small molecule and biological active ingredients,” says...

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