Pharmasset agreed on the takeover

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

On Monday Gilead Sciences Inc. announced about the takeover of Pharmasset Inc. for $137 cash a share; the total sum being $11 billion. The share price of Pharmasset Inc. almost doubled after the announcement. Friday's closing price was $69.02. Gilead Sciences is going to finance the acquisition partly by cash on hand, partly by debt financing.

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Mon, 21 Nov 2011 14:46:56 GMT

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