Pharmaceutical company Merck & Co. (MRK) recently announced that it has entered into a definitive agreement to acquire biopharmaceutical company Acceleron Pharma Inc. for $11.5 billion. The deal is likely to close in the fourth quarter of 2021. Following the news, shares of the company gained marginally to close at $75.11 on Thursday. Merck will carry out this acquisition through a subsidiary and will pay $180 per share in cash. Post the buyout, any remaining shares of common stock of Acceleron will be canceled and converted into the right to receive the same $180 per share price payable in the tender offer.
https://www.tipranks.com/news/merck-to-acquire-acceleron-pharma-for-11-5b?utm_source=advfn.com&utm_medium=referral
Merck (NYSE:MRK)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Merck Charts.
Merck (NYSE:MRK)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Merck Charts.