Belgians to Buy Celltech

Western MailMay 19, 2004

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Summary


Belgian chemicals group UCB said yesterday it is to buy UK biotechnology firm Celltech for pounds 1.5bn.

Brussels-based UCB said Celltech's directors had given a thumbs- up to its bid, under which the UK group's investors would receive 550p per ordinary share.

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Extract


Belgians to Buy Celltech

It said the merger would create one of the world's biggest biopharmaceuti...

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