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MRK Merck and Co Inc

131.15
0.43 (0.33%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Merck and Co Inc NYSE:MRK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.43 0.33% 131.15 131.91 130.13 130.13 7,757,432 00:26:37

Harpoon Therapeutics Shares Take Flight Premarket on Report of Merck Deal Talks

08/01/2024 11:47am

Dow Jones News


Merck (NYSE:MRK)
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From Oct 2023 to Apr 2024

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By Colin Kellaher

 

Shares of Harpoon Therapeutics doubled in premarket trading Monday after Bloomberg reported that the clinical-stage immunotherapy company is near a deal to be acquired by drugmaker Merck & Co. at a rich premium.

Merck is discussing paying about $700 million, or around $23 a share, for Harpoon, more than double Friday's closing price of $10.55 for the South San Francisco, Calif., company, Bloomberg reports, citing people familiar with the matter.

Merck, based in Rahway, N.J., could announce a deal within days, according to the report.

Harpoon shares were recently up 100% to $21.08 in premarket trading.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 08, 2024 06:32 ET (11:32 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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