Sucampo Launches Tender Offer to Acquire R-Tech Ueno
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Sucampo Pharma (SCMP) Launches Tender to Acquire R-Tech Ueno in $278M Deal
August 26, 2015 6:18 AM EDTSucampo Pharma (NASDAQ: SCMP) announced the launch of an all-cash tender offer in Japan by Sucampo's Japanese subsidiary and the execution of a separate share purchase agreement with certain shareholders of R-Tech Ueno to acquire all outstanding shares of R-Tech Ueno for a total consideration of JPY33 billion, or approximately $278 million, inclusive of approximately $54 million in cash1 and 2.5 million Sucampo shares (5.5% of shares outstanding), held by R-Tech Ueno. The purchase price reflects a 16% premium over R-Tech Ueno's one-month volume weighted average price and a 16% premium over R-Tech Ueno's three-month volume weighted average... More
