Bayer Acquires Conceptus for $1.1 Billion
June 05 2013 - 3:30AM
Dow Jones News
FRANKFURT--Bayer AG (BAYN.XE) said Wednesday its takeover bid
for Conceptus Inc. (CPTS) has been successful and it plans to merge
the U.S. pharmaceutical company with a Bayer subsidiary.
The total value of the transaction amounts to about $1.1 billion
(EUR852 million), said the German drug and pesticide maker.
Slightly more than 96% of outstanding Conceptus shares were
tendered and not withdrawn in the offer as of its expiration.
Write to Friedrich Geiger at friedrich.geiger@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Conceptus, Inc. (MM) (NASDAQ:CPTS)
Historical Stock Chart
From May 2024 to Jun 2024
Conceptus, Inc. (MM) (NASDAQ:CPTS)
Historical Stock Chart
From Jun 2023 to Jun 2024