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Hisamitsu gains close to 90% of Noven in first tender
25 August 2009
Ian Haydock

Hisamitsu had secured an 87.4% holding in Noven Pharmaceuticals at the August 19th close of its initial tender offer for the US firm, paving the way for a full acquisition.

Investors responded enthusiastically to the $16.50 per share offer, which represented a 22% premium to Noven's closing...



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