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Arbor to acquire XenoPort for $467mm

Executive Summary

Private specialty pharmaco Arbor Pharmaceuticals LLC plans to acquire public drug delivery biotech XenoPort Inc. (mostly focused on neurological disorders) with a tender offer of $7.03 per share (a 65% premium), or about $467mm. The XenoPort board has unanimously agreed to the deal. In a concurrent financing, Arbor raised debt funding from Deutsche Bank to support the transaction.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
      • Controlled Release
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Cash

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