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In an effort to broaden its women's contraceptive offerings, Bayer (BAYRY.PK +0.4%) has agreed...

In an effort to broaden its women's contraceptive offerings, Bayer (BAYRY.PK +0.4%) has agreed to buy Conceptus (CPTS +19.5%) for around $1.1B. The company says that within the next 10 business days it will launch a tender offer to acquire all of CPTS's stock at $31, a 20% premium to Friday's close. The deal is expected to close by middle of the year.
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  • haruglory12
    , contributor
    Comments (54) | Send Message
     
    Surprised the DNC did not bid for this company first. Maybe HHS will bid so the government can easily offer contraceptive—you know because Republicans hate women.
    29 Apr 2013, 01:52 PM Reply Like
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