Gulf News

$11 billion

Likely valuation for Acceleron Pharma as it seeks a buyer at $180 a share

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The identity of the potential buyer couldn’t be immediatel­y learnt. Several global drugmakers, including BristolMye­rs Squibb Co., which owns 11.5 per cent of Acceleron’s stock, are seen as obvious potential suitors, said the people, who asked not to be identified because the informatio­n was private.

Acceleron’s stock has risen sharply over the past 10 days, surging from $130-a-share in mid-September to close at $167.65 on Friday in New York, meaning a deal at $180 would be a 40 per cent premium to when discussion­s likely began, for a total value of more than $11 billion.

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