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Article: Investor stand-off threatens Arana takeover.

Article from:
Australasian Business Intelligence
Article date:
May 11, 2009
Copyright

Byline: Ari Sharp

May 11, 2009 (The Age - ABIX via COMTEX) -- US-based Cephalon has issued a supplementary bidder's statement for its hostile takeover move on fellow pharmaceuticals group Arana Therapeutics. The bid is unchanged at $A1.40 per share in cash, with a premium of $A0.05 if the predator gains more than 90% acceptances. An extension past the deadline of 1 June 2009 has been ruled out ...

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