Brief: Innoviva To Acquire La Jolla Pharmaceutical Co

Innoviva

11/07/2022 12:43

July 11 (Reuters) - Innoviva Inc  INVA.O :
    * INNOVIVA TO ACQUIRE LA JOLLA PHARMACEUTICAL COMPANY
    * INNOVIVA INC - INNOVIVA HAS AGREED TO PAY $5.95 PER SHARE
FOR LA
JOLLA
    * INNOVIVA INC - PROPOSED DEAL IMPLIED ENTERPRISE VALUE OF
APPROXIMATELY $149 MILLION
    * INNOVIVA INC - TRANSACTION WAS UNANIMOUSLY APPROVED BY LA
JOLLA
AND INNOVIVA BOARDS OF DIRECTORS AND IS EXPECTED TO CLOSE WITHIN
30 BUSINESS DAYS
    * INNOVIVA - AGREED TO PAY LA JOLLA INCREMENTAL $0.28/SHARE
FOR
ADDITIONAL CASH PROCEEDS RECEIVED IN CONNECTION WITH DIVESTITURE
OF A NON-CORE ASSET

Source text for Eikon:  ID:nBw3T9GT9a 
Further company coverage:  INVA.O 

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