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Drugs & Pharmaceuticals M&A image Drugs & Pharmaceuticals M&A » By The Online Investor Staff, updated Fri., Apr. 26, 4:26 PM Recent mergers and acquisitions in the Drugs & Pharmaceuticals M&A category.

This Slide: #50 of 100

Slide #50. Salix Pharmaceuticals, Ltd. — Santarus

Acquirer: Salix Pharmaceuticals, Ltd. (SLXP)
Acquiree: Santarus (SNTS)
Details: Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) today announced that it has completed its previously announced tender offer for all outstanding shares of common stock par value $0.0001 per share, including the associated rights to purchase shares of Series A Junior Participating Preferred Stock, par value $0.0001 per share, of Santarus, Inc., (NASDAQ:SNTS), at a purchase price of $32.00 per share, net to the seller in cash, without interest thereon and subject to any required withholding taxes. Following the tender offer, Salix completed the acquisition of Santarus earlier today through a merger under Section 251(h) of the General Corporation Law of the State of Delaware.

Salix Pharmaceuticals is a pharmaceutical company engaged in acquiring, developing and commercializing prescription drugs and medical devices used in the treatment of a range of gastrointestinal diseases, which are those affecting the digestive tract. Co.'s products include among others, XIFAXAN550® (rifaximin) Tablets, indicated for the reduction in risk of overt hepatic encephalopathy recurrence in patients 18 years and older; XIFAXAN (rifaximin) tablets, indicated for the treatment of patients 12 years of age and older with travelers' diarrhea; and APRISO® (mesalamine) extended-release capsules, indicated for the maintenance of remission of ulcerative colitis.

Open the SLXP Page at The Online Investor »

Salix Pharmaceuticals is a pharmaceutical company engaged in acquiring, developing and commercializing prescription drugs and medical devices used in the treatment of a range of gastrointestinal diseases, which are those affecting the digestive tract. Co.'s products include among others, XIFAXAN550® (rifaximin) Tablets, indicated for the reduction in risk of overt hepatic encephalopathy recurrence in patients 18 years and older; XIFAXAN (rifaximin) tablets, indicated for the treatment of patients 12 years of age and older with travelers' diarrhea; and APRISO® (mesalamine) extended-release capsules, indicated for the maintenance of remission of ulcerative colitis.

Open the SNTS Page at The Online Investor »

SLXP — Key Stats (updated Wed., Apr. 1, 10:23 AM)
Company Name:  Salix Pharmaceuticals Ltd
Website:  www.salix.com
Sector:  Drugs & Pharmaceuticals
SNTS — Key Stats (updated Thu., Jan. 2, 10:28 AM)
Company Name:  Santarus Inc
Website:  www.santarus.com
Sector:  Drugs & Pharmaceuticals
 

April 26, 2024  •  4:26 PM Eastern
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