Informatics company Tripos is buying Pharsight Corporation, which markets software, strategic and regulatory services. Tripos is forking over $5.50 per share--a 29 percent premium over yesterday's closing price. In total, the deal is worth $57 million.
"Our Board of Directors has evaluated strategic alternatives for Pharsight and has determined that this outcome is in the best interests of our stockholders, customers and employees,'' said Shawn O'Connor, Chairman and CEO of Pharsight Corporation.
- here's Tripos' release