Astellas to Acquire Ocata Therapeutics

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Go back to Astellas to Acquire Ocata Therapeutics

Ocata Therapeutics (OCAT) to be Acquired by Astellas in $379M Deal

November 10, 2015 7:10 AM EST

Astellas Pharma Inc. and Ocata Therapeutics, Inc. (NASDAQ: OCAT) announced today that they have entered into a definitive agreement. Under the agreement, Astellas will acquire Ocata through Laurel Acquisition Inc., a wholly-owned subsidiary of Astellas US Holding, Inc. ("Laurel"). The boards of directors of both Astellas and Ocata have unanimously approved the agreement.

Pursuant to the agreement, Laurel will commence a tender offer for all outstanding shares of common stock of Ocata, for a price of US$8.50 per share in cash (the "Tender Offer"). Promptly upon successful completion of the Tender... More