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Airing the Acquisition Laundry

Biogen Idec Offers $355M; Facet Wants More Than Face Value

By Trista Morrison


Tuesday, September 8, 2009
Biogen Idec Inc. is offering $355 million to acquire partner Facet Biotech Corp., escalating the already contentious negotiations between the two companies and laying the groundwork for a deal that analysts predict will eventually get done at a higher price. (BioWorld Today)

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