GSK Bringing $2.6B Takeover Bid To Human Genome Investors

Law360, New York (May 9, 2012, 4:39 PM EDT) -- GlaxoSmithKline PLC will sidestep a requested review from takeover target Human Genome Science Inc. and instead put its unsolicited $2.59 billion bid directly up to a Human Genome shareholder vote, GSK said Wednesday.

Maryland-based Human Genome, maker of gene-targeting drugs, rejected the pharmaceutical giant's $13 per-share cash offer last month for being too low, but invited it to take part in a strategic review process. GSK said it didn't believe an extended review period was necessary or that its bid was too low, and that it...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.