PARIS: Jazz Pharmaceuticals Plc agreed to buy Celator Pharmaceuticals Inc for about US$1.5bil to gain an experimental medicine for a rare blood cancer.
Jazz, based in Dublin, offered US$30.25 per share in cash for Ewing, New Jersey-based Celator, the companies said in a joint statement on Tuesday. Celator's board endorsed the transaction. Investors with 18.4% of Celator's stock, including managers and board members, agreed to tender their shares.
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