Morphosys Ag (MOR) has released an update.
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MorphoSys AG has announced a delisting agreement with Novartis, following the latter’s successful acquisition and intent to merge with MorphoSys. Novartis, now holding over 91% of MorphoSys shares, plans to offer the remaining shareholders €68.00 per share to consolidate ownership. The transaction processes, including the delisting from Frankfurt Stock Exchange and NASDAQ, are expected to be completed in the third quarter of 2024.
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