Dendrite Intl (DRTE) Acquired By CEGEDIM for $16/Share
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CEGEDIM S.A. and Dendrite International, Inc. (NASDAQ: DRTE) announced a definitive merger agreement under which CEGEDIM will acquire Dendrite for $16.00 per outstanding share in cash.
Per the terms of the agreement, Dendrite is valued on a fully diluted equity basis at approximately $751 million, which represents a premium of approximately 40% over the average closing share price for Dendrite common stock over the twenty day trading period from February 1, 2007 to March 1, 2007, the last trading day prior to the announcement of the transaction.
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