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Japan’s Takeda to Buy U.S. Cancer Drug Maker Ariad in $5.2 Bln Deal

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Japan’s Takeda to Buy U.S. Cancer Drug Maker Ariad in $5.2 Bln Deal

Japan's Takeda to Buy U.S. Cancer Drug Maker Ariad in $5.2 Bln Deal*/

– Japan’s Takeda Pharmaceutical Co. Ltd. said it would buy cancer drug maker Ariad Pharmaceuticals Inc. in a deal valued at $5.20 billion, to beef up its oncology pipeline.Takeda – which in September revealed it was scouting for multi-billion dollar acquisitions to reduce its dependence on domestic sales – agreed to pay $24 for each Ariad share, a premium of about 75 percent to its Friday close.Ariad stock was up 73 percent at $23.77 in morning trading on Monday.
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Japan’s Takeda to buy U.S. cancer drug maker Ariad in $5.2 billion deal

Japan's Takeda to buy U.S. cancer drug maker Ariad in $5.2 billion deal*/

– Logos of Japanese Takeda Pharmaceutical Co are seen at an office building in Glattbrugg near Zurich March 7, 2012.REUTERS/Arnd Wiegmann/File PhotoJapan’s Takeda Pharmaceutical Co Ltd (4502.T) said it would buy cancer drug maker Ariad Pharmaceuticals Inc (ARIA.O) in a deal valued at $5.20 billion, to beef up its oncology pipeline.Takeda — which in September revealed it was scouting for multi-billion dollar acquisitions to reduce its dependence on domestic sales — agreed to pay $24 for each Ariad share, a premium of about 75 percent to its Friday close.
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Takeda to acquire Ariad Pharma in all-cash deal valued at about $5.2 billion

Takeda to acquire Ariad Pharma in all-cash deal valued at about $5.2 billion*/

– Ariad Pharmaceuticals Inc.ARIA, +72.85% said Monday it has agreed to be acquired by Takeda Pharmaceutical Co. Ltd. 4502, +0.02% in a deal with an enterprise value of about $5.2 billion.Takeda will pay $24 in cash for each Ariad share owned for a premium of about 75% over Ariad’s closing price on Jan. 6.
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