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Home » Combinations locked? Bid for new pairings via Pfizer propels $11.4B Array grab
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Combinations locked? Bid for new pairings via Pfizer propels $11.4B Array grab

June 18, 2019
By Randy Osborne
Pfizer Inc. wasn't shy about talking specifics with regard to synergy in its merger with Array Biopharma Inc., for which the pharma giant has agreed to pay $48 per share in cash – a 62% premium to Friday's closing price of $29.59 – in a deal with an enterprise value of about $11.4 billion. The boards of both companies have approved the merger, expected to finish in the second half of this year.
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