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GSK buys ID Biomedical for $1.4bn

04 Oct 2005

Executive Summary

GlaxoSmithKline PLC has agreed to acquire Canadian vaccine developer ID Biomedical for $1.4bn ($Cdn1.6bn) in cash. GSK is paying $29.45 ($Cdn35) per share, a 17% premium to the market average. Included in the price is GSK's assumption of the company's $77mm debt.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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