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Exelixis, Genomica Merger Finally Gets Stock-Exchange Ratio

Dec 26, 2001

SAN FRANCISCO, Dec. 26 - The proposed Genomica-Exelixis merger finally got its stock-exchange ratio. The ratio for converting shares of Genomica stock into shares of Exelixis stock will be 0.28306, the companies said on Wednesday .

 

The initial offering period for the exchange will expire midnight Eastern Standard Time on Dec. 28.

 

Exelixis announced on Nov. 19 plans to acquire Genomica in a stock deal valued at $110 million, and Genomica's board of directors unanimously recommended that the firm's stockholders accept the offer, according to the company.

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