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Covis Agrees to Acquire AMAG Pharmaceuticals

Expands its therapeutic portfolio of treatments.

By: Contract Pharma

Contract Pharma Staff

Covis Group S.à r.l. and AMAG Pharmaceuticals Inc. have entered into a definitive agreement under which Covis will acquire AMAG for $13.75 per share in cash, or approximately $498 million on a fully diluted basis and approximately $647 million on an enterprise basis, including debt obligations expected to be assumed or repaid net of cash. The offer represents a premium of approximately 46% to the closing price of AMAG’s common stock on September 30, the last full trading day prior to the announc...

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