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Genzyme to buy GelTex in $1bn cash/stock deal

Executive Summary

Genzyme General is buying GelTex for about $1bn--$500mm in cash and $500mm in Genzyme common stock. Each GelTex share will be exchanged for $47.50 in cash or 0.7272 in stock (a premium of 27% based on the price of Genzyme stock at announcement), subject to proration to keep the cash part at 50%.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Includes Contract
    • Payment Includes Stock

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