Celltech's Pounds 1.53bn Takeover 'to Create Biotech Monster'

Summary


BRITAIN'S biggest biotech firm, Celltech, has been taken over in a Pounds 1.53 billion all-cash deal.

Belgium's UCB offered shareholders 550p per share, a 28% premium to last night's close, which was recommended to investors by Celltech's board.

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Extract


Celltech's Pounds 1.53bn Takeover 'to Create Biotech Monster'

The combined firm will bring together Celltech's potentially ground- breaking cures for rheumatoid arthritis and Croh...

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