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    Home»Deals & Transactions»UK pharma group Vectura agrees $1.4 bln takeover by Carlyle
    Deals & Transactions

    UK pharma group Vectura agrees $1.4 bln takeover by Carlyle

    May 27, 20211 Min Read
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    A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012. Private equity firm Carlyle Group LP proved a tough sell with investors on Wednesday, raising $671 million in an IPO that was slightly below a pricing range already seen as modest and failed to live up to the hype of the likes of Facebook Inc. REUTERS/Jonathan Ernst (UNITED STATES - Tags: BUSINESS) - RTR31KNG
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    Vectura Group, a British pharmaceutical company focused on inhaled medicines, said on Wednesday it had agreed a 958 million pound ($1.36 billion) takeover by global investment firm The Carlyle Group.

    Shareholders will receive 136 pence in cash plus a dividend of 19 pence for each share under the terms of the offer, representing a 32% premium on the ex-dividend closing price of the stock on Tuesday, Vectura said.

    Vectura’s Chairman Bruno Angelici said the company had made strong progress since embarking on a strategy in 2019 to become a leading inhalation-focused CDMO, or contract development and manufacturing organisation.

    Read more at Reuters

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    Mergers and acquisitions
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