BUSINESS

Otsuka Initiates Tender Offer to Acquire All Outstanding Shares of Avanir for US$17 per Share

December 16, 2014
Otsuka Pharmaceutical commenced on December 12 (local time) a tender offer to acquire all outstanding shares of the US biopharma company Avanir Pharmaceuticals. The Japanese drug maker will purchase Avanir’s common stocks for US$17 per share, through its wholly-owned indirect…

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