, ITCI
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Date: | --/--/-- --:--:-- |
Event Id: | E5CZL3OTR |
Action Type: | ACQUISITION |
Action Status: | ANNOUNCED |
Acquirer Symbol: | |
Target Symbol: | ITCI |
Updated: | --/--/-- --:--:-- |
Purchase Price Per Share: | 132 |
Price Per Share Currency: | USD |
News References: | https://www.sec.gov/Archives/edgar/data/1567514/000119312525028672/d921418ddefm14a.htm |
Action Notes
Johnson & Johnson and Intra-Cellular Therapies, Inc announced today that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Intra-Cellular Therapies, a biopharmaceutical company focused on the development and commercialization of therapeutics for central nervous system (CNS) disorders, for $132.00 per share in cash for a total equity value of approximately $14.6 billion. The closing of the transaction is expected to occur later this year subject to applicable regulatory approvals, approval by Intra-Cellular Therapies' stockholders and other customary closing conditions for a transaction of this type. Following completion of the transaction, Intra-Cellular Therapies' common stock will no longer be listed for trading on the Nasdaq Global Select Market. The Intra-Cellular special shareholder meeting to vote on the transaction will be held on 03/27.