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Forest potentially boosts GI portfolio with $1bn buy of Furiex
01 Jun 2021
Executive Summary
Just two months after Actavis PLC announced it bought Forest Laboratories Inc. for $23.9bn, Forest is making an acquisition itself, taking over publicly traded biotech Furiex Pharmaceuticals Inc. for $1bn up front in cash, or $95/share (a 20% premium).
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Includes Earnout
- Payment Includes Cash for Equity
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Forest potentially boosts GI portfolio with $1bn buy of Furiex
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