Local Business Alert: (Corrected) Human Genome Sciences rejects buyout offer from GlaxoSmithKline

Thursday, April 19, 2012

   
The Washington Post Thursday, April 19, 2012 7:52:50 AM
LOCAL BUSINESS ALERT

(Corrected) Human Genome Sciences rejects buyout offer from GlaxoSmithKline


Rockville-based Human Genome Sciences has rejected a buyout offer of $13 a share from British drugmaker GlaxoSmithKline, the company said Thursday.

In a statement, the biotech company said the offer "does not reflect the value inherent" in the firm but would prompt the company to launch an evaluation of its "strategic alternatives."

Correction: The headline on a previous version of this alert gave an incorrect name for the company Human Genome Sciences.


Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/human-genome-services-receives-buyout-offer-from-glaxosmithkline/2012/04/19/gIQAwThsST_blog.html



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