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Exelixis, Genomica Merger Passes End of Initial Offering Period

Jan 02, 2002

SAN FRANCISCO, Jan. 2 - The proposed Genomica-Exelixis merger reached the close of its initial offering period for the exchange of its stock on Dec. 28 at Eastern Standard Time, Exelixis said on Wednesday.

 

The companies set the ratio for converting shares of Genomica stock into shares of Exelixis stock at 0.28309 at the initial offering period's close.

 

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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