AHP PAYING $9.7 MIL FOR CYANAMID UNDER DEFINITIVE MERGER AGREEMENT
This article was originally published in The Tan Sheet
Executive Summary
AHP PAYING $9.7 MIL FOR CYANAMID UNDER DEFINITIVE MERGER AGREEMENT between the two companies announced on Aug, 17. The sweetened deal was agreed to the day after American Home Products attempted to pressure American Cyanamid into accepting a merger with a good-for-one-day-only offer of $100 a share. Cyanamid's management and board of directors finally agreed to a $101-a- share purchase price for the company.