SOCAL biotech giant to buy rival for $1.1B; an article from Los Angeles Business from bizjournals

Los Angeles Business from bizjournals

This article was sent to you by Jeffrey Allen (ir@globalcrossroadscapital.com):

Amgen to buy Micromet for $1.16 billion

Published: January 26, 2012

Micromet Inc. has agreed to be acquired by biotech giant Amgen in a worth more than $1.1 billion.

Thousand Oaks-based Amgen said in a statement Thursday that directors of both companies had unanimously agreed to a transaction that would pay stockholders of Rockville, Md.-based Micromet $11 per share in cash for all outstanding shares.

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