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EXCLUSIVE - Human Genome agrees to GlaxoSmithKline takeover - sources

Source : REUTERS
Last Updated: Mon, Jul 16, 2012 02:40 hrs
The Human Genome Sciences Laboratories and Offices building is seen in Rockville, Maryland

REUTERS - Human Genome Sciences Inc has agreed to be acquired by GlaxoSmithKline Plc , subject to approval of some last-minute details, for about $14 a share in cash, two sources familiar with the situation said on Sunday.

The deal is expected to be announced before the U.S. stock market opens on Monday, the sources added.

The price represents an increase to Glaxo's previous offer of $13 a share.

Human Genome shares ended trading on Friday at $13.58.

(Reporting by Greg Roumeliotis in New York)




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