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12:00 AM
Jan 19, 2009
 |  BC Week In Review  |  Company News  |  Deals

Medicines Co., Targanta deal

The Medicines Co. plans to acquire Targanta in a tender offer of $2 per share, or about $42 million in cash. The price is a 72% premium to Targanta's close of $1.16 on Jan. 12, before the deal was announced. Targanta shareholders will be eligible for up to $4.55 per share, or about $95.5 million, in regulatory and sales milestones for lead compound oritavancin. The...

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