Tuesday, July 30, 2013

Antibiotics Maker in Deals for 2 Rivals

Cubist said it would pay Optimer shareholders $10.75 a share in cash upfront, and an additional $5 a share contingent on Optimer’s meeting certain sales milestones. The total value of $15.75 a share is a premium of about 19 percent to Optimer’s closing price of $13.29 on Tuesday,…

Source:Antibiotics Maker in Deals for 2 Rivals



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