Dusa Pharma (Dusa)

[surf1944]

6:37AM DUSA Pharma to be acquired by Sun Pharma for $8.00 per share in cash in a tender offer (DUSA) 5.78 : Under the terms of the agreement, a 100% subsidiary of Sun Pharmaceutical Industries will commence a tender offer for all of the outstanding common stock of DUSA at a price of $8.00 per share in cash, a 38% premium to the closing price of DUSA's common stock on Nov 7, 2012. The transaction has a total cash value of ~ $230 million. The transaction has been unanimously approved by the boards of directors of both companies and DUSA's board has recommended that the company's shareholders tender their shares pursuant to the tender offer.