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GBT Global Blood Therapeutics Inc

68.49
0.00 (0.00%)
17 Jan 2025 - Closed
Delayed by 15 minutes
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

Global Blood Therapeutics Shares Rise Premarket After Pfizer Deal

08/08/2022 12:29pm

Dow Jones News


Global Blood Therapeutics (NASDAQ:GBT)
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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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