This Dutch Drugmaker’s Stock Is Jumping 38%. Here’s Why It’s Being Acquired.

Published 1 month ago Neutral
This Dutch Drugmaker’s Stock Is Jumping 38%. Here’s Why It’s Being Acquired.
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Genmab will acquire Merus Merus a Dutch biotechnology company, in an all-cash transaction worth around $8 billion. A Genmab subsidiary will pay $97 a share to complete the deal, which will give the Danish biotechnology company access to petosemtamab, Merus’ late-stage breakthrough cancer therapy. Merus stock, which closed Friday at $68.89, soared 38% to $94.91 in premarket trading Monday.

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