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Pharmacia & Upjohn acquires Sugen for $728mm

Executive Summary

In a stock-for-stock merger valued at about $728mm, Pharmacia & Upjohn Inc. will acquire Sugen Inc. (development-stage cancer therapies). Each share of Sugen will be exchanged for about $31 worth of Sugen's stock, a (pr)47% premium to P&U's 10-day trailing average price of $21.08.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Stock

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