Alliance Pharma agrees to increased takeover offer
Alliance Pharma (LON: APH) has accepted a final increased cash offer from investment firm DBAY Advisors, valuing the pharmaceutical company at approximately £362 million ($468 million).
The board of the Chippenham, UK-based firm has recommended that shareholders approve the revised offer at a meeting scheduled for March 13. If the deal goes through, the company will become privately owned under DBAY’s control.
DBAY intends to finance the purchase using a combination of equity investments and external funding.
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