Jazz Pharma to Buy Cannabinoid-Drug Maker for $7.2 Billion
By Timothy Annett and Tiffany Kary February 3, 2021, 4:50 AM PST Updated on February 3, 2021, 7:25 AM PST
The price amounts to a premium of about 50% over Cambridge, England-based GW’s closing price on Tuesday. GW’s U.S.-traded shares gained as much as 49% in Wednesday trading, and Jazz shares declined 3.7%.
Under the terms of the proposed transaction, Jazz will pay $220 per GW American depositary receipt, in the form of $200 in cash and $20 in Jazz common stock, according to a statement from the companies.
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Source : Bloomberg
Link to original : Jazz Pharma to Buy Cannabinoid-Drug Maker for $7.2 Billion
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