Lilly completes acquisition of Applied Molecular
US pharmaceutical major Eli Lilly says it has completed its $400 million acquisition of Applied Molecular Evolution (Marketletter December 1, 2003).
AME stockholders will receive $18 for each share they hold in the form of cash, Lilly common stock or a combination of both. On the day of the announcement, February 12, the closing price of Lilly's common stock was $73.58 per share, resulting in an exchange ratio of 0.2446 of a Lilly share per AME share for those AME stockholders receiving the stock consideration.
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