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Eisai, MGI Pharma merger clears waiting period hurdle
By Lisa Kerner
Charlotte, N.C., Jan. 17 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of Eisai Co., Ltd. and MGI Pharma, Inc.
Jaguar Acquisition, Corp., an Eisai subsidiary, began an all-cash offer on Dec. 21 to purchase all outstanding shares MGI Pharma.
The $41-per-share offer is slated to end on Jan. 22, according to a company news release.
As previously reported, Eisai agreed to acquire MGI Pharma in a transaction valued at about $3.9 billion.
MGI Pharma is a Bloomington, Minn., biopharmaceutical company.
Eisai is a research-based human health care company based in Tokyo.
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