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Ligan Pharmaceuticals spends approximately $740 million to acquire Zoma Corporation
Ligan Pharmaceuticals announced that it has reached an agreement to acquire Zoma Licensing, a biotech licensing investment company, for approximately $740 million.
Under the terms of the agreement, Ligan will purchase Zoma’s stock at a cash price of $39 per share, a 2.9% premium over its closing price of $37.90 last Friday.
The transaction is expected to be completed in the third quarter of this year. (Sina Finance)