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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Global Blood Therapeutics Inc | NASDAQ:GBT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 68.49 | 68.47 | 68.50 | 0 | 00:00:00 |
By Colin Kellaher
Shares of Global Blood Therapeutics Inc. edged higher in premarket trading Monday after the biopharmaceutical company agreed to be acquired by Pfizer Inc. in a transaction valued at about $5.4 billion, including assumed debt.
New York-based Pfizer said it would pay $68.50 a share in cash for Global Blood, a 7.3% premium to Friday's closing price of $63.84 but more than double its closing price of $33.93 on Aug. 3, before published reports emerged that potential buyers were circling the South San Francisco, Calif., company.
Global Blood shares, which ended Friday's session with a gain of 33%, were recently changing hands at $66.36, up 4%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 08, 2022 07:14 ET (11:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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