June 30, 2016 / 6:21 AM / a year ago

BRIEF-Opko Health to acquire Transition Therapeutics

June 30 (Reuters) - Opko Health Inc :

* Says under terms, Transition Therapeutics security holders to receive approximately 6.4 million shares of Opko common stock

* Says transaction is valued at approximately us$60 million, or us$1.55 per share of Transition Therapeutics common stock

* Says deal approved by boards of directors of both companies

* Opko Health to acquire Transition Therapeutics

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