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CGRB Cougar Biotechnology (MM)

42.96
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cougar Biotechnology (MM) NASDAQ:CGRB NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 42.96 0 01:00:00

J&J To Buy Cougar Biotech For About $1 Billion

22/05/2009 3:13am

Dow Jones News


Cougar Biotechnology (MM) (NASDAQ:CGRB)
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Johnson & Johnson (JNJ) said Thursday it has struck a deal to buy Cougar Biotechnology Inc. (CGRB), a development-stage biopharmaceutical company with a specific focus on cancer treatment, for approximately $1 billion in a cash tender offer.

The deal involves a tender for all Cougar shares at $43 apiece, a premium over the company's Thursday close of $36.98, although Cougar stock rose to $42.10 in after-hours trading.

-By Michael Kitchen; 415-439-6400; AskNewswires@dowjones.com

 
 

1 Year Cougar Biotechnology (MM) Chart

1 Year Cougar Biotechnology (MM) Chart

1 Month Cougar Biotechnology (MM) Chart

1 Month Cougar Biotechnology (MM) Chart

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