Pall Corp. agreed to acquire ATMI Inc life science business for $185 million to strengthen the company's market standing. The maker filtration and purifications products expects the purchase of ATMI LifeSciences -- which makes single-use bioprocess systems and consumables for the pharmaceutical and biopharmaceutical industries-- to add $20 million to $30 million to Pall's revenue.
ATMI is +4% and PLL is flat in early trading today.
* Adjusted for cash/debt on acquired company’s balance sheet.
‡ Relative to “unaffected” share price in cases where a buyout offer or auction was made public; excludes contingent values unless otherwise specified.
® Reverse merger with private or non-US company.
t For 42% of company not already owned.
u Includes $1.7B assumption of debt; premium relative to 3/27/12 close, when Bloomberg reported BMY bid. AZN pays BMY $3.4B to put AMLN’s portfolio into 50/50 JV.
v Excluding CVR of $4-14/sh; premium relative to 7/22/10 close.
w For 44% of DNA not already owned.
x Price includes entire deal in three stages; 17% premium is the blended avg price of NVS’ purchases ($164) relative to ACL’s market price 4/4/08 immediately prior to announcement of first stage of deal.
y Includes $0.45/sh of contingent payments.
z Liquidated by Deerfield following failed merger with Archemix.