Amgen buying 20 percent of BeiGene for $2.7 billion

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Amgen buying 20 percent of BeiGene for $2.7 billion

By Staff Report / Thursday, October 31st, 2019 / Comments Off on Amgen buying 20 percent of BeiGene for $2.7 billion

In another major M&A deal, Amgen announced plans to purchase around 20 percent of Chinese company BeiGene for $2.7 billion in cash as it works to commercialize its latest oncology products in China. The acquisition represents a purchase price of $174.85 per share of BeiGene, a 26 percent premium over the company’s Oct. 31 closing…

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