4:39 PM
Mar 13, 2014
 |  BC Extra  |  Company News

Vectura acquiring Activaero, raises L52 million in placing

Pulmonary play Vectura Group plc (LSE:VEC) is acquiring drug delivery company Activaero GmbH (Gemuenden, Germany) for EUR 130 million ($180.6 million). The amount comprises EUR 45 million ($62.5 million) up front in cash and EUR 50 million ($69.5 million) in new Vectura shares, plus EUR 35 million ($48.6 million) in a deferred cash payment. Activaero...

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