Attunity stock soared Thursday after the data analytics company said it agreed to be acquired and taken private in a $560 million all-cash deal. This includes dropping earnings per share between 4 cents and 5 cents in 2019. Nasdaq While very large in dollar terms, the deal is just a bolt-on deal for Pfizer, adding some growth potential and pipeline to the business. 1125 N. Charles St, Baltimore, MD 21201. Finally, it says it expects the deal to be accretive to its earnings per share starting in 2022.Array BioPharma news will require the two companies to complete closing conditions before the deal can finish. This includes approval from regulators, as well as obtaining a majority of shares in the tender offer. Array common stock will cease to be traded on the Nasdaq Global Market. In connection with the merger, all Array shares not validly tendered (other than shares held by Array, Pfizer, their respective subsidiaries and shareholders of Array who have perfected their statutory appraisal rights) have been cancelled and converted into the right to receive the same $48 in cash (without interest and less any applicable withholding taxes) as will be paid for all Array shares that were validly tendered and not validly withdrawn. For more than 150 years, we have worked to make a difference for all who rely on us. The company has updated its 2019 financial guidance based on a number of factors, including this acquisition. Our global portfolio includes medicines and vaccines as well as many of the world's best-known consumer health care products. The offer of $48 per share for ARRY stock is a pretty premium over its closing price of $29.59 from Friday. So the $13.50-per-shareoffer to take the company private represents nearly a 40% premium. quotes delayed at least 15 minutes, all others at least 20 minutes. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products. Array BioPharma news for Monday concerning a deal with The offer of $48 per share for ARRY stock is a pretty premium over its closing price of $29.59 from Friday. 2020 InvestorPlace Media, LLC. As a result of the merger, Array became a wholly owned subsidiary of Pfizer. Copyright © Array BioPharma News: ARRY Stock Skyrockets on Pfizer Deal Pfizer Inc. agreed to buy Array BioPharma Inc. for $10.64 billion in cash, as one of the world’s biggest pharmaceutical companies seeks to expand its cancer lineup with targeted therapies. Most Active Tweeters for ARRY No tweets found Recent Tweets for ARRY This information—including product information—is intended only for residents of the United States. This subsidiary will make a cash tender offer to purchase all outstanding shares of ARRY stock. Array BioPharma Inc. (NASDAQ: ARRY) was reiterated as Outperform at Wells Fargo, and the price target range for a value was put at $9.50 to $10.50 … For information on 2019 financial guidance, please see the press release for For additional background on the acquisition, please read the announcement press release At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. Pfizer expects the transaction to be dilutive to Pfizer’s Adjusted Diluted EPS by $0.04 in 2019, $0.04 -$0.05 in 2020, neutral in 2021 and accretive beginning in 2022, with additional accretion and growth anticipated thereafter. I own(ed) some shares of Array Biopharma (NASDAQ:ARRY) that was bought by Pfizer. All rights reserved. Copyright © 2020 InvestorPlace Media, LLC. Following its acceptance of the tendered shares, Pfizer completed its acquisition of Array through a second step merger of Arlington Acquisition Sub Inc. with and into Array. This has the offer from Pfizer sitting at roughly 62% above the stock’s closing price on Friday.The recent Array BioPharma news will have the company joining Pfizer through a subsidiary.
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