M&A updates: Pfizer/Encysive; Bayer /Possis
Global drugs giant Pfizer has acquired nearly 87% of Encysive Pharmaceuticals' shares in its tender offer of $2.35 a share, as announced earlier, thus effectively completing its $195.0-million acquisition of the firm (Marketletter February 25). Meantime, Germany's Bayer Healthcare says that it has completed its $361.0 million purchase of USA-based Possis Medical (Marketletter February 18).
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