Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (1964)	3/19/2008 12:55:43 PM
From: richardred	of 7120

CollaGenex Buyout Moves Toward Close Wednesday March 19, 10:30 am ET Galderma Moves Toward Closing CollaGenex Buyout As Antitrust Waiting Period Expires NEWTOWN, Pa. (AP) -- Galderma Pharma SA's proposed acquisition of CollaGenex Pharmaceuticals Inc. moved a step closer to completion Wednesday as the waiting period required under U.S. antitrust law expired. The cash tender offer of $16.60 per share began on March 7 and will expire on April 4. In a tender offer, the purchaser makes a public offer to acquire shares in a corporation at a set price and during a set offer period. Some tenders offers are conditioned upon shareholders agreeing to sell a certain percentage of outstanding shares to the purchaser. Both CollaGenex and Galderma focus on developing dermatological products. Galderma is a privately-held joint venture between Nestle and L'Oreal. CollaGenex shares rose 6 cents to $16.54 in morning trading. biz.yahoo.com

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