Big biotech, M&A

Cubist seals merger and acquisition activity with Optimer buy

Posted on 31 July 2013

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Cubist Pharmaceuticals and Optimer Pharmaceuticals seal merger and acquisition activity under which Cubist will acquire all of the outstanding shares of Optimer common stock for $10.75 per share in cash, or approximately $535 million on a fully diluted basis.

In addition to the upfront cash payment, each stockholder of Optimer will receive a Contingent Value Right , which is expected to be publicly traded, entitling the holder to receive an additional one-time cash payment of up to $5.00 for each share they own if certain net sales of DIFICID(fidaxomicin) are achieved, or a total transaction value of up to $801 million on a fully diluted basis.

For further deal information visit Current Agreements (subscription required)

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