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Fujifilm to acquire CDI for $307M
May 2015
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TOKYO & MADISON, Wis.—Fujifilm Holdings Corp. has signed a definitive agreement with Cellular Dynamics International Inc. (CDI) under which it will acquire CDI for $16.50 per share, for a transaction price of approximately $307 million (on a fully diluted basis). Fujifilm intends to conduct the acquisition through an all-cash tender offer, which will be followed by a second-step merger. Following the transaction, CDI will continue to run its operations out of Madison and Novato, Calif. as a consolidated subsidiary of Fujifilm. The tender offer is expected to close in Q2 2015.
 
“CDI and Fujifilm share a common strategic vision for achieving leadership in the field of regenerative medicine. The combination of CDI’s technology with Fujifilm’s technologies, know-how and resources brings us ever closer to realizing the promise of discovering better, safer medicines and developing new cell therapies based on iPSCs [induced pluripotent stem cells],” said Robert J. Palay, chairman and CEO of CDI.
 
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