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Novo Nordisk concludes acquisition of Dicerna Pharma
Denmark: Novo Nordisk has announced that the acquisition of Dicerna Pharmaceuticals (Dicerna), announced on 18 November 2021, has been completed.
Following the expiration of Novo Nordisk's cash tender offer for Dicerna, Novo Nordisk has acquired all outstanding shares of common stock of Dicerna at a price of USD 38.25 per share in cash, without interest and less any applicable tax withholding.
Novo Nordisk has been advised by the depositary for the tender offer that a total of approximately 64,946,526 shares of Dicerna's common stock were validly tendered and not validly withdrawn in the tender offer as of the tender offer expiration at 5.00 pm EST on 27 December 2021, which represent approximately 82.6% of the total number of shares of Dicerna's common stock outstanding.
Following the finalisation of the tender offer, Novo Nordisk completed the acquisition of Dicerna through a merger of Novo Nordisk's wholly owned subsidiary with and into Dicerna in which all shares not tendered into the offer were cancelled and converted into the right to receive cash equal to the USD 38.25 offer price per share, without interest, less any applicable tax withholding.
At the completion of the merger, Dicerna became a wholly owned subsidiary of Novo Nordisk. The common stock of Dicerna will no longer be listed or traded on the Nasdaq Global Select Market.
Novo Nordisk is a global healthcare company, founded in 1923 and headquartered in Denmark.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751