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Human Genome, once worth $97.69 a share, goes out with whimper in $14.25 GSK deal
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In like a lion . . .
Monday, July 23, 2012
Human Genome Sciences Inc. (NASDAQ:HGSI) roared into biotech in the early 1990s
with its genomics database. But it's going out like a lamb after GlaxoSmithKline
plc (LSE:GSK; NYSE:GSK) agreed to acquire the biotech last week for $2.9
billion - less than the total money Human Genome has raised over the last two
decades and just $1.25 more per share than the pharma's original offer.
In April, GSK offered $13 per
share, or $2.6 billion. The
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