Fujifilm will acquire CDI via an all-cash tender offer to be followed by a second step merger. Fujifilm aims to acquire all issued and outstanding shares of CDI's common stock for $ 16.5 per share or approximately $ 307 million (on a fully diluted basis). The offer represents a premium of 108% to CDI's closing price on March 27.
Cellular Dynamics has licensed patents covering Sigma-Aldrich's CompoZr zinc finger nuclease technologies. The licensed technologies "facilitate efficient genomic editing by creating double-stranded breaks in DNA at user-specified locations, stimulating the cell's natural repair process and enabling targeted gene insertions, deletions, or modifications," CDI said in a statement.
Sigma-Aldrich licensed CompoZr ZFN technology from Sangamo and Sangamo earns royalties from the sale and licensing of that product.
No comments:
Post a Comment