5 days, 3 hours ago
Alliance Pharma to accept £349.7m buyout offer from biggest investor
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alliance Pharma has agreed to a £349.7 million pound takeover by DBAY Advisors, its biggest shareholder. The deal would see shareholders get 62.5p per share, representing a 41% uplift on Alliance Pharma’s closing share price of 44.35p on Thursday. DBAY Advisors wrote on Friday that it was “supportive” of Alliance Pharma’s leadership team, but that it needs to “accelerate investment”.
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