Astex Pharmaceuticals (ASTX)

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3:54AM Astex Pharma to be acquired by Otsuka Pharma for $8.50 per share in cash (ASTX) 8.27 : Otsuka Pharmaceutical and Astex Pharmaceuticals announce that their respective Boards of Directors have unanimously approved a transaction under which Otsuka will acquire all of the outstanding shares of Astex for $8.50 per share in cash representing a 48% premium to the average closing stock price for the prior 30 day period. The purchase price represents a fully diluted equity value of ~$886 mln, calculated using the treasury stock method