GlaxoSmithKline To Launch $13/Share Tender Offer For To Buy HGS

Date : 05/09/2012 @ 2:48AM
Source : Dow Jones News
Stock : Human Genome Sciences, Inc. (MM) (HGSI)
Quote : 14.24  0.0 (0.00%) @ 2:05AM

GlaxoSmithKline To Launch $13/Share Tender Offer For To Buy HGS

Glaxosmithkline (NYSE:GSK)
Historical Stock Chart

5 Years : From Sep 2012 to Sep 2017

Click Here for more Glaxosmithkline Charts.

Research-based pharmaceutical and healthcare company GlaxoSmithKline PLC (GSK) said Wednesday it won't participate in Human Genome Sciences Inc (HGSI) strategic alternatives review process and will instead start a tender offer this week to buy all of the outstanding shares of HGS for $13.00 per share in cash.

MAIN FACTS:

-GSK's offer represents a premium of 81% to HGS's closing share price of $7.17 on April 18.

-GSK values the long relationship it has with HGS and has clearly stated its preference to complete a transaction on a friendly basis in a timely fashion.

-GSK remains willing to meet and review its offer with HGS at any time.

-GSK shares closed Tuesday at 1407 pence valuing the company at GBP71.83 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

Latest HGSI Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.