Endo completes Indevus acquisition
Endo Pharmaceuticals has successfully completed the tender offer by its wholly-owned subsidiary, BTB Purchaser, for all of the outstanding shares of common stock of fellow USA-based Indevus Pharmaceuticals. The acquisition, announced earlier this year, involves an upfront payment of $370.0 million with an additional $3 per share, valued at an extra $267.0 million, for a total of $637.0 million, if Indevus meets certain regulatory and sales milestones (Marketletter January 12).
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