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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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  • JG_7
    ·2021-12-14
    Good 👍 
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  • IAS
    ·2021-12-14
    Pfizer [Strong] 
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  • TK360
    ·2021-12-14
    Nice 
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  • 来人
    ·2021-12-14
    Nice
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    ·2021-12-14
    Wow !!!
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    • SPOT_ON
      👍 👍 👍 👍 👍
      2021-12-14
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    ·2021-12-14
    Great [Smile] [Smile] 
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  • wenjiejie
    ·2021-12-14
    Come on
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  • MingWeiK
    ·2021-12-14
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  • BKT
    ·2021-12-13
    Good. Like pls.
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    • BKT
      good
      2021-12-14
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      hi. please help like and comment back. thank you.
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      yes let's go
      2021-12-14
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  • SherryVJ
    ·2021-12-13
    Oh my con
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  • SanWangtikup
    ·2021-12-13
    Like pls 
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      2021-12-14
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    ·2021-12-13
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    ·2021-12-13
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      88
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    ·2021-12-13
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    ·2021-12-13
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      2021-12-13
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    ·2021-12-13
    Thanks
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    ·2021-12-13
    Good
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    • YPT
      Great
      2021-12-13
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  • Jimmyboy
    ·2021-12-13
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    • JeremyKok
      hi. please help like and comment back. thank you.
      2021-12-14
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