VCs To Get Adeza Exit

Cytec Corp. (Nasdaq: CYTC) has agreed to acquire women's health product developer Adeza (Nasdaq: ADZA) for $24 per share. The total deal is valued at approximately $450 million, and is expected to close by the end of March. Adeza raised around $33.5 million in VC funding before going public in 2004, but still counts Enterprise Partners Venture Capital and Sprout Group among its larger shareholders.