TITLE

OctoPlus Shares Surge After Dr. Reddy's $36M Buyout Bid

AUTHOR(S)
Sheridan, Cormac
PUB. DATE
October 2012
SOURCE
BioWorld Today;10/23/2012, Vol. 23 Issue 206, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the 27.4 million euro-cash buyout offer accepted by OctoPlus NV from Dr. Reddy's Laboratories Ltd. The event has pushed OctoPlus share price up by 23 percent. Dr. Reddy's is now planning to proceed with a recommended public offer for all the outstanding shares of OctoPlus. Dr. Reddy's plan to maintain the OctoPlus identity and its facility in Leiden, the Netherlands.
ACCESSION #
82751648

 

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