Tercica Inc.  (TRCA) Trade Now »     Rate TRCA  -  Discuss TRCA  -  Add to Watch List        

Tercica, Inc. (NASD: TRCA) announced that they have entered into a definitive merger agreement with Ipsen, S.A. (Euronext: IPN). The merger states an affiliate of Ipsen will acquire all of the shares of Tercica common stock that Ipsen doesn’t already own at a price of $9.00 per share in cash, valuing Tercica at approximately $663 million. The transaction still has to be approved by Tercica’s shareholders, who hold a majority of the company’s outstanding common stock, but the board of directors unanimously approved the deal.