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Slide #34. Emergent BioSolutions — Cangene Corporation
Acquirer:
Emergent BioSolutions (EBS)
Acquiree:
Cangene Corporation (CNJ.CA)
Details:
Emergent BioSolutions Inc. (NYSE:EBS) announced today that it has entered into a definitive agreement with Cangene Corporation (TSX:CNJ.CA) under which Emergent will acquire all of the outstanding common shares of Cangene in an all-cash transaction valued at $3.24 per share on a fully diluted basis for an aggregate purchase price of $222 million. The transaction is consistent with Emergent's growth plan in that it diversifies the company's revenue mix, adds commercial product sales and contributes to earnings growth. The transaction is expected to be accretive in 2014, exclusive of transaction-related costs.
Emergent BioSolutions is a life sciences company focused on providing preparedness and response solutions that address accidental, deliberate and naturally occurring public health threats (PHTs). The types of PHTs Co. is addressing are focused on the following five categories: chemical, biological, radiological, nuclear and explosives; emerging infectious diseases; travel health; public health crises (such as the opioid crisis and the COVID-19 pandemic); and acute, emergency, and community care. Co. operates under three separate business lines: the Government - Medical Countermeasures; the Commercial; and the Services - contract development and manufacturing.
EBS SEC Filing Email Alerts Service
Open the EBS Page at The Online Investor »
Emergent BioSolutions is a life sciences company focused on providing preparedness and response solutions that address accidental, deliberate and naturally occurring public health threats (PHTs). The types of PHTs Co. is addressing are focused on the following five categories: chemical, biological, radiological, nuclear and explosives; emerging infectious diseases; travel health; public health crises (such as the opioid crisis and the COVID-19 pandemic); and acute, emergency, and community care. Co. operates under three separate business lines: the Government - Medical Countermeasures; the Commercial; and the Services - contract development and manufacturing.
EBS SEC Filing Email Alerts Service
Open the CNJ.CA Page at The Online Investor »
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