Hisamitsu Pharma bags rival Noven Pharma (Dealscape

Bidding to expand in the U.S., Japanese drugmaker Hisamitsu Pharmaceutical Co. said Tuesday it would spend $428 million to acquire Noven Pharmaceuticals Inc.

Terms of the deal call for Hisamitsu to pay $16.50 in cash for each Noven share, a premium of 22% over Noven's Monday close and a 43% premium to the target's average closing price over the past 90 days.

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NOT A SUBSCRIBER? Hisamitsu Pharma bags rival Noven Pharma Posted on July 14, 2009 4:43 PM Bidding to expand in the U.S., Japanese drugmaker Hisamitsu Pharmaceutical Co. said Tuesday it would spend $428 million to acquire Noven Pharmaceuticals Inc. Terms of the deal call for Hisamitsu to pay $16.50 in cash for each Noven share, a premium of 22% over Noven's Monday close and a 43% premium to the target's average closing price over the past 90 days. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 824 in-depth reports of M&A deals in the Healthcare sector 592 company pages related to Pharmaceuticals 70 company pages related to Japan 9 articles related to Noven Pharmaceuticals Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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