BioCentury
ARTICLE | Strategy

CHIR plan: Raise money and buy technology

November 8, 1993 8:00 AM UTC

Chiron Corp. has decided that beneficial interest rates offer an opportunity for the company to embark on a technology acquisition campaign and to expand the company's manufacturing base.

The company last week announced that it would raise $200 million in an offering of debt convertible into 6 percent of CHIR common stock, ...