Merck KGaA (MKGAY) reacted to press reports and confirmed late-stage discussions with SpringWorks Therapeutics (SWTX) on a potential acquisition. The parties are in discussion on the basis of a price of around $47 per share. Merck noted that no final decision has been taken and no legally binding agreement has been entered into.
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Read More on SWTX:
- Merck KGaA near $47 per share deal to buy SpringWorks Therapeutics, WSJ says
- SpringWorks EU approval would enhance strategic value, says Evercore
- Positive opinion for Ogsiveo would de-risk SpringWorks deal, says Barclays
- SpringWorks Therapeutics price target lowered to $84 from $87 at BofA
- Merck KGaA says ‘no certainty’ SpringWorks deal will be signed
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