Fujifilm acquiring Cellular Dynamics

Fujifilm Holdings Corp. (Tokyo:4901) is buying iPSC supplier Cellular Dynamics International Inc. (NASDAQ:ICEL) for $16.50 per share, or $307 million in cash. The price is a 108% premium to CDI's close of $7.94 on Friday, before the deal was announced. CDI was up $8.48 (107%) to $16.42 on Monday.

CDI produces industrial-scale quantities of human cells, including induced pluripotent stem cells (iPSCs). The company's customers use CDI's technology for drug discovery, screening and testing. CDI also is creating genetically matched donor cell banks to reduce the risk of stem cell rejection (see BioCentury Innovations, Feb. 19). ...