Merck completes 4B purchase of Idenix

Eric Strauss//August 5, 2014//

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Merck announced Tuesday that it has completed its multibillion-dollar tender offer for Idenix Pharmaceuticals, Inc.The Whitehouse Station-based drugmaker said approximately 82.5 percent of Idenix shares were tendered at the purchase price of $24.50 per share. That means Merck will be able to formally complete the acquisition of the Massachusetts-based company Tuesday.

RELATED: Merck to acquire Mass. pharma company for nearly $4B

RELATED: Merck begins tender offer to acquire Idenix for $4B

The purchase price values Idenix at approximately $3.85 billion.

Upon completion of the deal, Idenix will become a wholly owned subsidiary of Merck, and its common stock will no longer be traded.

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