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Websense Acquired By Vista Equity Partners For $1 Billion

socalTECH

San Diego-based security software developer Websense announced this morning that it has signed a definitive agreement to be acquired by private equity firm Vista Equity Partners. Websense said the deal is an approximate premium of 29 percent over the firm''s Friday closing price. per share in cash for the company.

Equity 159
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Ignyta To Be Acquired By Roche For $1.7 Billion

socalTECH

San Diego-based precision medicine developer Ignyta has agreed to be acquired by biopharmaceuticals giant Roche , in a $1.7 According to the two, they are in a definitive merger agreement, where Roche will acquire Ignyta for $27.00 The companies said the price is a premium of 74% on Ignyta's closing price on Thursday.

San Diego 113
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Gen-Probe Buys Molecular Testing Firm

socalTECH

San Diego-based Gen-Probe said Tuesday that it has signed a definitive agreement to acquire Prodesse, a provider of molecular testing for influenza and other infection diseases. The deal is worth $60M in cash, with provision to increase the price to $85M on meeting specific financial and regulatory milestones.

San Diego 140
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Genoptix Acquired By Novartis For $470M

socalTECH

San Diego-based Genoptix , a publicly held provider of laboratory services to the hematology and oncology market, said this morning that it is in a definitive merger agreement to be acquired by Novartis. Genoptix said the offer is a 27 percent premium over its closing price of $19.76

San Diego 157
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Anadys Acquired By Roche

socalTECH

San Diego-based Anadys Pharmaceuticals , the developer of treatments for hepatitis C, said this morning that it has agreed to be acquired by Roche. The firm said it signed a definitive merger agreement where Roche will pay $3.70 The price is a 256 percent premium over the $1.04

San Diego 133
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Startup M&A: Why a Letter of Intent Deserves Your Full Attention

Xconomy

If buyers and sellers don’t have a meeting of the minds early on in the game, it’s possible that, deeper into negotiations, the proposed terms in the definitive agreement could derail weeks of work, wasting everyone’s time and energy. ESCROW: The parties typically agree to set aside 10 percent of the purchase price in an escrow account.

Startup 57
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Bio Roundup: Precision Med and Google, Heron, Lilly, Sarepta & More

Xconomy

—Option-to-buy deals are by definition no guarantee, and an agreement between Boston-based Acetylon Pharmaceuticals and Celgene is the latest example. Celgene paid Acetylon $100 million in 2013 for an option to buy the company outright, but the deal recently expired without an acquisition, leaving Acetylon to chart a new course.

Google 40