Juniper Pharmaceuticals accepts takeover bid

5 July 2018

Juniper Pharmaceuticals (Nasdaq: JNP) has entered into a definitive agreement for Catalent (NYSE: CTLT) to acquire all of the outstanding shares of Juniper at a price of $11.50 per share in cash

The offer price represents a premium of about 32% to Juniper Pharmaceuticals’ closing price of $8.70 on Monday ahead of the announcement. Juniper’s shares shot up 31% to $11.40 in pre-market trading on Tuesday and were exchanging hands at $11.42 today.

The transaction represents a total equity value of around $139.6 million on a fully-diluted basis, and a premium of 59.7% to Juniper's unaffected share price on January 30, 2018, the last trading day prior to the date on which Juniper announced its intention to explore strategic alternatives.

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