NEW YORK (GenomeWeb) – Fujifilm Holdings today announced that it will acquire Cellular Dynamics International for $307 million, via an all-cash tender offer to be followed by a second-step merger.

Fujifilm will buy all issued and outstanding shares of CDI's common stock for $16.50 per share, a premium of 108 percent to Cellular Dynamics' closing price of $7.94 on the Nasdaq on March 27. Cellular Dynamics will continue to run its operations in Madison, Wis. and Novato, Calif. as a consolidated subsidiary of Fujifilm.