News Pfizer to buy Anacor Pharma in $5.2 billion deal

[Technoglitch]

Pfizer Inc (PFE.N) will buy Anacor Pharmaceuticals Inc (ANAC.O) in a deal valued at $5.2 billion, net of cash, for access to Anacor's non-steroidal topical gel to treat eczema.

Pfizer will pay $99.25 per share for Anacor, a 55 percent premium to the stock's Friday close, the companies said on Monday.

Pfizer to buy Anacor Pharma in $5.2 billion deal| Reuters

 

[IndianMascot]

Hope both companies will be benefited from this deal.

 

[Sanjeev]

These days many companies are merging with each other

 

[IndianMascot]

Yeah. That's part of the industry rule.