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home / news releases / AMAG - Covis takes out Amag Pharma for $498M


AMAG - Covis takes out Amag Pharma for $498M

Apollo Global Management portfolio company Covis Group S.à r.l. has agreed to acquire AMAG Pharmaceuticals ([[AMAG]] +43.9%) for $13.75 per share in cash. The total transaction value is ~$498M on a fully diluted basis or ~$647M on an enterprise basis including debt.The tender offer for AMAG shares will commence this month.Covis will fund the deal with a term loan and credit revolver.AMAG shares shot up after the close yesterday on rumors of Covis' interest.

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Covis takes out Amag Pharma for $498M
Stock Information

Company Name: AMAG Pharmaceuticals Inc.
Stock Symbol: AMAG
Market: NASDAQ
Website: amagpharma.com

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