UK's Sinclair Pharma agrees to terms of offer from China's Huadong
Following a previous announcement in July, UK-based Sinclair Pharma (LSE: SHP) has agreed terms regarding a potential 32 pence per share cash offer from a unit of China's Huadong Medicine (SZSE: 000963.SZ).
The proposed offer, which would value the London-listed maker of skin lifting, collagen stimulation treatments and dermal fillers at roughly £161.2 million ($207.6 million, comes after three deadline extensions for Huadong to make a bid.
Confirmation of a likely transaction sent Sinclair’s shares rocketing 33.67% to 26.80 pence in late morning trading
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