Navigation Links
Cephalon Launches Recommended Takeover Bid For Australian Biopharmaceutical Company, ChemGenex Pharmaceuticals Limited
Date:3/28/2011

.

Subject to obtaining advice on the applicable U.S. law requirements, Cephalon will consider extending the share offer to holders of ChemGenex American Depository Receipts (ADRs) if compliance with those requirements is not unduly onerous or impracticable.

The offer price of A$0.70 per ChemGenex Share represents:

  • a 59 percent premium to the last traded price of ChemGenex Shares;

  • a 58 percent premium to the one month VWAP of ChemGenex Shares up to the date of this announcement;

  • a 31 percent premium to the mid point of the valuation range of each ChemGenex Share of A$0.46 to A$0.61 on a controlling interest basis assessed by BDO Corporate Finance in its Independent Expert's Report (IER) of 15 November 2010, sent to ChemGenex shareholders in connection with the meeting material seeking their approval of the conversion of the convertible notes issued to Cephalon International.  The IER was prepared to assist shareholders in considering a resolution to approve the conversion of the convertible notes in accordance with item 7 of section 611 of the Corporations Act; and

  • a 40 percent premium to the A$0.50 conversion price of the convertible notes issued to Cephalon and approved by the ChemGenex shareholders last year.

  • "The proposed transaction allows ChemGenex shareholders to realize cash proceeds at a significant premium to recent trading levels and adds an interesting late-stage opportunity to our portfolio," said Kevin Buchi, Chief Executive Officer of Cephalon.  

    "The ChemGenex Board welcomes Cephalon's bid which represents an attractive premium to the current and recent trading prices of ChemGenex Shares.  In the absence of a superior offer, the Board will unanimously recommend that ChemGenex shareholders accept the offer and realize value for their shares," said Brett Heading, Chairman of ChemGenex.

    The takeover offers for ChemGenex Shares and Listed Chem
    '/>"/>

    SOURCE Cephalon, Inc.; ChemGenex Pharmaceuticals Limited
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

    Related medicine technology :

    1. Cephalon Wins FENTORA Patent Suit Against Watson
    2. Cephalon Announces Definitive Agreement to Acquire Gemin X
    3. Cephalon Reported Record Sales, Adjusted Net Income and Cash From Operations in 2010
    4. Cephalon Signs Option Agreement to Acquire Assets from Alba Therapeutics
    5. ImmunGene Announces Multi-Target R&D Collaboration With Cephalon Australia for Interferon Payload Technology
    6. Cephalon Receives Complete Response Letter for NUVIGIL for the Treatment of Excessive Sleepiness Associated With Jet Lag Disorder
    7. Cephalon Appoints J. Kevin Buchi as Chief Executive Officer and Member of Cephalon Board of Directors
    8. Cephalon to Webcast Investor Day
    9. Cephalon Announces FDA Approval of Risk Evaluation and Mitigation Strategies for NUVIGIL and PROVIGIL
    10. Cephalon Signs Investment Agreement to Fund ChemGenex Oncology Clinical Development Operations
    11. Cephalon Exercises its Option to Acquire BioAssets Development Corporation
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:7/2/2015)... Research and Markets( http://www.researchandmarkets.com/research/nlfg34/cancer ) has announced the ... by Application - Forecast to 2020" report to their offering. ... $13.1 Billion in 2020 from an estimated $7.1 Billion in 2015, ... dominated by North America , followed by ... of the World (RoW). The cancer diagnostics market in ...
    (Date:7/2/2015)... , July 2, 2015  The Green Exchange, Inc., ... world,s first HIPAA compliant mobile app that connects cannabis ... fresh medical marijuana, announced today that their service provides ... Eaze, Meadow and more than half a dozen other ... year, Loud Cannabis is unique in that it ...
    (Date:7/2/2015)... , July 2, 2015 Pharma Major ... in ZAO "Biocom" in Russia subject ... the Russian pharmaceutical market which recorded RUB 765 billion in ... markets in the world in 2014 (IMS Health). For over ... expected to continue with this trend, projecting Russia ...
    Breaking Medicine Technology:Global Cancer Diagnostics Market Report 2015 - Technology, Imaging and by Applications Forecasts to 2020 for the $13 Billion Industry 2New Cannabis Delivery App Gets Product to Patient in Under 7 Minutes 2Lupin Acquires Biocom in Russia 2Lupin Acquires Biocom in Russia 3
    ... WASHINGTON, Jan. 25, 2011 The second issue of FDLI,s ... be published January 26, 2011, focuses on the increasingly important ... article published on the Food and Drug Law Institute,s website ... Lupinsky, Jr., Research Fellow at the Agricultural Law Resource and ...
    ... N.J., Jan. 25, 2011 Savient Pharmaceuticals, Inc. (Nasdaq: ... has named John H. Johnson as Chief Executive Officer, effective ... member of Savient,s board of directors. Mr. Johnson ... served as a Senior Vice President of Eli Lilly and ...
    Cached Medicine Technology:FDLI's Food and Drug Policy Forum Examines European GMO Rules 2Savient Pharmaceuticals Names John H. Johnson Chief Executive Officer 2Savient Pharmaceuticals Names John H. Johnson Chief Executive Officer 3Savient Pharmaceuticals Names John H. Johnson Chief Executive Officer 4
    (Date:7/2/2015)... VA (PRWEB) , ... July 02, 2015 , ... ... Congresswoman Donna Edwards (D-Md.) for her introduction of the Stop Overdose Stat (S.O.S.) ... introduced by Senator Jack Reed (D-R.I.), this Act seeks to decrease drug overdose ...
    (Date:7/2/2015)... ... ... With summer in full swing, Americans are flocking to Canada’s many lakes to reel in ... in the world, and it’s easy to understand why. From the Pacific Northwest Coast of ... Recreational fishing is a huge industry, and Americans make up the vast majority of anglers ...
    (Date:7/2/2015)... ... July 02, 2015 , ... As Americans celebrate the Fourth of July outdoors ... is on the rise. July is UV Safety Month, and physicians at American Family ... of getting skin checks. Experts say most skin cancers can be found early with ...
    (Date:7/2/2015)... ... July 02, 2015 , ... Six months ahead of his 80th birthday, ... raise awareness and money for the Pulmonary Hypertension Association (PHA). Stevenson began the ... near Washington, D.C. by mid-September. He left Glasgow, Mont. yesterday morning and is making ...
    (Date:7/2/2015)... PLAINSBORO, N.J. (PRWEB) , ... July 02, 2015 ... ... ACO and Emerging Healthcare Delivery Coalition met for the late June Web-based ... moves forward with new reimbursement schemes and managing high-risk patients through coordinated care. ...
    Breaking Medicine News(10 mins):Health News:AAPCC Supports the Stop Overdose Stat Act of 2015 2Health News:AAPCC Supports the Stop Overdose Stat Act of 2015 3Health News:Local Physicians Warn of Holiday Health Hazards 2Health News:Local Physicians Warn of Holiday Health Hazards 3Health News:Local Physicians Warn of Holiday Health Hazards 4Health News:79-Year-old ‘Pacing Parson’ Passes 1,000-Mile Mark in Cross-Country Walk for Pulmonary Hypertension Association 2Health News:79-Year-old ‘Pacing Parson’ Passes 1,000-Mile Mark in Cross-Country Walk for Pulmonary Hypertension Association 3Health News:ACO Coalition Discusses the Future of Medicare Payments and the Benefits of Providing More Care 2Health News:ACO Coalition Discusses the Future of Medicare Payments and the Benefits of Providing More Care 3Health News:ACO Coalition Discusses the Future of Medicare Payments and the Benefits of Providing More Care 4
    ... By Steven Reinberg HealthDay Reporter , FRIDAY, Aug. ... now and then can,t hurt, right? Wrong, according to ... exposure can cause irreparable damage to cells essential to breathing. ... exposure to secondhand smoke. The initial damage, while not usually ...
    ... This release is available in French . ... women, while often unrecognised and underreported, have become the subject ... Female Sexual Offenders: Theory, Assessment and Treatment (Wiley), is the ... female-perpetrated sexual abuse, statistics on the crime, as well as ...
    ... If you want to know how people become addicted and ... addicted. Thirty-one of 75 patients hospitalized for opioid detoxification ... drugs legitimately prescribed for pain. , Another 24 began ... parent,s medicine cabinet. The remaining 20 patients said they got ...
    ... project at the Peninsula Medical School in Exeter, which will study ... eggs, gas) as an effective anti-inflammatory agent, has won a research ... H 2 S occurs naturally in the body and, when in ... good health. Last year the research team investigated the ...
    ... more commonly associated with the smell of ,rotten eggs, and ... present naturally in our bodies and reside in knee joint ... joints that reduces friction between the cartilage of joints during ... in reducing inflammation in joints. The research, carried out ...
    ... Elsevier Health Sciences and Helinet, India,s premier medical ... that will provide all medical students at Helinet,s ... local medical content through Elsevier,s electronic platforms: ScienceDirect ... provides all undergraduates, graduates, researchers and faculty within ...
    Cached Medicine News:Health News:Study Finds Even a Little Cigarette Smoke Harms Airway 2Health News:Study Finds Even a Little Cigarette Smoke Harms Airway 3Health News:Female sexual offenders: Unrecognized and underreported 2Health News:Drug addicts get hooked via prescriptions, keep using 'to feel like a better person,' research shows 2Health News:Drug addicts get hooked via prescriptions, keep using 'to feel like a better person,' research shows 3Health News:Grant for 'rotten eggs' anti-inflammatory research 2Health News:'Rotten eggs' gas and inflammation in arthritic joints 2Health News:'Rotten eggs' gas and inflammation in arthritic joints 3
    ... quality control material that, once tonometered, is ... gas, electrolyte, metabolite, and CO-Oximeter instrumentation. It ... of human blood in tonometry. QC 463 ... monitoring analyzer performance at varying points within ...
    ... is a reagent and probe system used ... high throughput plate based system is a ... a unique approach for RNA detection and ... branched DNA (bDNA) technology. Branched DNA allows ...
    ... KMI Diagnostics is a CLIA-certified diagnostic ... hormones and a limited number of other ... programs across the United States. We ... research laboratory services and pre-clinical trials services. ...
    For the qualitative detection of Hepatitis B surface Antigen (HBsAG) in human serum, plasma and whole blood specimens...
    Medicine Products: