acquisition in the second half of 2019. Purchase and related tender offer materials. SEC. Array BioPharma's board rejected an initial $44-per-share buyout offer Pfizer made on May 29, saying it was too low for Array to commit to the June 17 announcement timeline that Pfizer sought, a regulatory notice filed Friday by the biotech showed.
(Pixabay)Subscribe to FiercePharma to get industry news and updates delivered to your inbox.Array CEO Squarer's set to reap $210M in Pfizer buyout—and his COO and CMO won't do badly, either© 2020 Questex LLC. TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON Consistent with our responsibility as one of the world's premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. A chunky buyout always raises hopes for more M&A action, although those anticipating further deals like the Array Biopharma takeout, launched by Pfizer yesterday, should remember that transactions of this size are relatively rare beasts. patients in critical need,” said Ron Squarer, Array chief executive Pfizer Completes Acquisition of Array Biopharma In the acquisition, Pfizer gets Array’s approved melanoma combo Braftovi and Mektovi. I own(ed) some shares of Array Biopharma (NASDAQ:ARRY) that was bought by Pfizer. Meanwhile, Chief Medical Officer Victor Sandor has options worth $42.62 million, and his parachute payment is $36.17 million. and the Solicitation/Recommendation Statement will be made available for

Array BioPharma has been weighing a potential sale for years, and now that it’s inked an $11.4 billion deal with Pfizer, the company’s top execs stand to reap some hefty payouts. development and manufacture of health care products. Under the terms of the merger agreement, a subsidiary of Pfizer will SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING Rosen & Katz acting as its legal advisor. I suggested Array BioPharma in my stock letter on Aug. 31, 2014, at $3.95, and it is up 330%. Solicitation/Recommendation Statement, Pfizer and Array each file free at the SEC’s website at Really hefty, in the case of Array CEO Ron Squarer. Array BioPharma's stock rockets after $11.4 billion buyout deal with Pfizer Published: June 17, 2019 at 6:56 a.m. Pfizer expects to complete the acquisition in 2H 2019. Pfizer expects the transaction to be dilutive to Pfizer’s Adjusted Diluted EPS by $0.04 in 2019, $0.04 -$0.05 in 2020, neutral in 2021 and accretive beginning in 2022, with additional accretion and growth anticipated thereafter. Pfizer will You can listen to the conference call by dialing either (855) 895-8759 Pfizer's final knockout offer of $48 a share was contingent on the June 17 announcement date and Array not seeking any additional offers. will acquire any shares of Array that are not tendered into the offer Hello, Apologies if this is a dumb question but I am new to this. Array last month announced its $11.4 billion sale to Pfizer, which offered $48 per Array share, or a 62% premium to the company’s closing price before the announcement. The company has updated its 2019 financial guidance based on a number of factors, including this acquisition. best-known consumer health care products. work.”
resources and a broader research platform to continue this critical ET The deal has PFE valuing … a fully-diluted basis). That means he’ll reap about $99 million in the sale. investors on our website at


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