J&J punts $14.6 billion on buy of Intra-Cellular Therapies
Shares of USA-based Intra-Cellular Therapies (Nasdaq: ITCI) leapt almost 36% to $128.85 in pre-marker activity today, as rumors of a takeover bid were confirmed.
US healthcare giant Johnson & Johnson (NYSE: JNJ) revealed a definitive agreement to acquire all outstanding shares of Intra-Cellular Therapies, a biopharmaceutical company focused on the development and commercialization of therapeutics for central nervous system (CNS) disorders, for $132.00 per share in cash for a total equity value of around $14.6 billion.
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