Monday, 29 May 2017

WuXi Life Science to acquire WuXi PharmaTech for around $3.3 bn

17 August 2015 | Company results | By BioSpectrum Bureau

WuXi Life Science to acquire WuXi PharmaTech for around $3.3 bn

New WuXi Life Science plans to acquire WuXi PharmaTech

New WuXi Life Science plans to acquire WuXi PharmaTech

Singapore: WuXi PharmaTech, research and technology platform company serving the pharmaceutical, biotechnology, and medical device industries with operations in China and the United States, has entered into a definitive agreement and plan of merger with New WuXi Life Science and its wholly owned subsidiary, WuXi Merger.

New WuXi Life Science will acquire WuXi PharmaTech for cash consideration equal to $5.75 per ordinary share of the company and $46 per American Depositary Share of the company, each representing eight shares or approximately $3.3 billion in aggregate cash consideration.

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