Arena Pharmaceuticals jumped over 80% in morning trading as Pfizer acquired it for US $100/share

Tiger Newspress2021-12-13

Arena Pharmaceuticals jumped over 80% in morning trading as Pfizer acquired it for US $100/share.Pfizer Inc has agreed to acquire Arena Pharmaceuticals in a $6.7 billion all-cash deal to expand its cancer and inflammatory disease treatment pipeline, the companies said on Monday.

Pfizer will take over all outstanding shares of Arena for $100 per share, representing a 100.2% premium to Arena's last closing price.

Arena is developing several treatments for gastroenterology, dermatology, and cardiology. The drug developer's ulcerative colitis treatment candidate, etrasimod, is in a late-stage study.

Pfizer said it expects to finance the transaction with cash on hand.

Pfizer’s financial advisers for the transaction are BofA Securities and Centerview Partners LLC, while Guggenheim Securities LLC and Evercore Group LLC advised Arena.

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精彩评论

JG_7
2021-12-14
JG_7
Good 👍
IAS
2021-12-14
IAS
Pfizer [Strong]
TK360
2021-12-14
TK360
Nice
来人
2021-12-14
来人
Nice
- Desmond669:
  Ok
SPOT_ON
2021-12-14
SPOT_ON
Wow !!!
- SPOT_ON:
  👍 👍 👍 👍 👍
lewisleeks
2021-12-14
lewisleeks
Great [Smile] [Smile]

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