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Halo's decision to pay for the acquisition in cash, rather than through a share-based transaction, also helps to alleviate concerns about the erosion of shareholder value. The company is confident that the synergies and growth potential of the combined entity will ultimately benefit its shareholders.
Conclusion
Halo's acquisition of Evotec represents a strategic move to further strengthen its position in the pharmaceutical services market. By combining its innovative drug delivery platform with Evotec's drug discovery and manufacturing capabilities, Halo aims to create a leading provider of end-to-end solutions for its pharmaceutical partners. This transaction is expected to drive long-term growth and value creation for the company and its shareholders.