Japanese group in £292m deal for ProStrakan
Tuesday 22 February 2011
Latest in Business News
On Facebook
Japan's Kyowa Hakko Kirin Co has unveiled plans to raise it global profile by agreeing to buy the Scottish pharmaceuticals firm ProStrakan in a £292m deal.
The takeover will see Kyowa pay 130p in cash for each ProStrakan share, giving the Japanese group access to an established European and US marketing sales platform.
The deal will also give Kyowa the keys to an portfolio of specialist prescription products.
At 130p, the price marks a premium of more than 40 per cent to the closing share price on 12 November, the day before ProStrakan, which is led by chairman and acting chief executive Peter Allen, entered a formal offer period. News of the takeover pushed the group's share price to 131.5p – up 22.6p ,or nearly 21 per cent, last night.
- 1 Mark Zuckerberg saved $111m by selling Facebook shares before stock slumped
- 2 Solved after 33 years? Case of first missing boy shown on milk carton
- 3 Brazil rocked by abortion for 9-year-old rape victim
- 4 Society: The only way is Finland
- 5 News in pictures
- 6 Cameron knew Hunt would back BSkyB bid
- 7 Thousands of police accused of corruption – just 13 convicted
- 8 In pictures: The bewildering face of China
- 9 Catcalls, whistles, groping: just another day for a young woman
- 10 Ten adverts that shocked the world
- 1 Brazil rocked by abortion for 9-year-old rape victim
- 2 Society: The only way is Finland
- 3 Portugal 'sells' Ronaldo to Spain in £160m deal on national debt
- 4 Northumberland bids to create one of the world's biggest dark sky preserves
- 5 We will 'grow' all organs to order in future, says pioneering surgeon
- 6 Therapist who tried to 'cure' me of being gay thrown out – but the system is still broken
- 7 Owen Jones: If socialists really did run the show, working people would benefit
- 8 'Hello mum, this is going to be hard for you to read ...'
- 9 French in uproar over oral sex anti-smoking posters
- 10 Coke reveals its secret: It may need to carry a cancer warning
Experience the Heineken Hub
Get free wi-fi and exclusive i content while you enjoy a tasty pint of Heineken at participating pubs.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Career Services
Day In a Page
Feeding a hungry world – or meddling with laws of nature?
Monkey meat that could be behind the next HIV
Catcalls, whistles, groping: just another day for a young woman
Move over Brangelina, this night belongs to Kingston Bagpuize
Pizza Pilgrims: Like mamma used to make
Gorgeous Georgian cuisine
Fury at Obama over filmmakers' access to Bin Laden kill team



Comments