Breaking News

WuXi PharmaTech Reaches $3.3B Buyout Agreement

Ge Li, chairman and CEO to roll-over interest in the company

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

WuXi PharmaTech (Cayman) Inc. has entered into a definitive agreement and merger plan with new WuXi Life Science Ltd. and WuXi Merger Ltd., a wholly owned subsidiary of Parent.The merger, expected to close during 4Q15, is subject to customary closing conditions.   Parent will acquire the company for approximately $3.3 billion in cash. Following the transaction, Parent will be owned by a consortium comprised of new investors, which include affiliates of or funds managed or advised by Ally Bridg...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters