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ProStrakan In Buyers' Sights After Setbacks

This article was originally published in The Pink Sheet Daily

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Executive Summary

The specialty pharma company is 'evaluating interest' from buyers after delays to key drugs.

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ProStrakan Secures Offer From Japan's Kyowa Hakko, But Analysts Say Too Low

Three months after putting itself up for sale, U.K.-based specialty pharma firm ProStrakan Group PLC on Feb. 21 announced a cash offer from Japan's Kyowa Hakko Kirin Co. Ltd. The 130 pence-per-share deal values the company at about £292 million ($475 million)

ProStrakan Secures Offer From Japan's Kyowa Hakko, But Analysts Say Too Low

Kyowa Hakko Kirin's offer to buy U.K.-based specialty pharma ProStrakan values the company lower than other similar deals.

ProStrakan Secures Offer From Japan's Kyowa Hakko, But Analysts Say Too Low

Kyowa Hakko Kirin's offer to buy U.K.-based specialty pharma ProStrakan values the company lower than other similar deals.

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