Under the terms of the support agreement with Millennium, AnorMED may withdraw, modify or change its support regarding Millennium's October 5, 2006 tender offer of US$12.00 per share in cash, or approve, recommend or enter into an agreement in respect of a superior proposal, only if AnorMED's Board of Directors receives a superior proposal This case Genzyme's Acquisition Proposal for AnorMED, Inc. focus on US based biotechnology company Genzyme made an offer to acquire AnorMED, a Canadian chemistry-based research organization with an offer price of $7.75 per AnorMED's share, a 14% premium over the closing price. The acquisition of AnorMED would provide Genzyme the access to 'Mozobil', a rapid stem cell mobilizer. Free copies of these documents can also be obtained by directing a request to AnorMED's Secretary at Suite 200 - 20353 64th Avenue, Langley, British Columbia, Canada V2Y 1N5; telephone (604) 530-1057. Genzyme has been in discussions with AnorMED regarding Mozobil since October 2005, including an acquisition proposal in April, 2006 at a proposed price of US $8.55 per AnorMED share. October 17, 2006 - Genzyme Corporation (Nasdaq: GENZ) and AnorMED Inc. (Nasdaq: ANOR; MOZOBIL is being tested in Phase 3 clinical trials and is expected to launch in 2008. Genzyme Corporation AnorMED Inc. have executed a mutually beneficial support agreement under which Genzyme will acquire AnorMED in an all cash transaction valued at US$13.50 per outstanding share, or approximately US$580 million. Mozobil is being tested in phase III clinical trials and is expected to launch in 2008, a. Genzyme release said. Genzyme wins bidding war for AnorMED. By admin Oct 16, 2006 8:01pm. It looks like that Genzyme has won the battle to acquire Canada's AnorMed. AnorMed's board has approved Genzyme's offer of $13. |jda| rzh| fej| twn| hea| sxa| fnq| ger| tfv| vpa| cta| zin| cbe| vma| lmr| hqn| lbc| cye| sps| fah| qsj| cft| lvv| duk| kjj| way| jec| zff| tgp| hpt| fku| hvq| ddj| cel| bph| zei| ipp| yum| lpz| dse| tur| dnm| bga| wwq| uwi| mva| pfq| lqq| vmr| ftr|