Spectrum Pharmaceuticals Extends Tender Offer Period for Allos Therapeutics Shares
Spectrum and Allos have announced a further extension to the tender offer period for shares of Allos Therapeutics.
Spectrum Pharmaceuticals, a biotechnology company that focuses on oncology and haematology, has extended the deadline for its tender offer to purchase all outstanding shares of common stock of Allos Therapeutics.
Allos, which is based in Colorado, US, also operates in the field of anti-cancer therapeutics - in particular its lead product Folotyn, which is approved in the US for the treatment of peripheral T-cell lymphoma.
The two companies said in a statement that the offer period has been extended until 17:00 (eastern time) on Friday June 22nd 2012, with Spectrum offering $1.82 per share in cash.
In addition, Allos stockholders will be entitled to an extra $0.11 per share (in cash) if certain
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