Merck is in talks to buy cancer biotech Seagen for around $40 billion

Merck & Co. MRK,
+0.53%

HRC,
+2.29%
is in advanced discussions to acquire Seagen Inc. SGEN,
-0.93%
and is aiming to complete the purchase of the cancer biotech in the next few weeks, according to people familiar with the matter, in a deal that could be worth about $40 billion or more.

The companies are discussing a price for Seagen in excess of $200 per share and are attempting to seal a deal at or before Merck’s release of second fiscal quarter results, which are scheduled for July 28, the people said. Seagen shares closed at $175.13 on Wednesday.

https://www.marketwatch.com/story/merck-in-talks-to-buy-cancer-biotech-seagen-for-about-40-billion-11657161739?rss=1&siteid=rss Merck is in talks to buy cancer biotech Seagen for around $40 billion

Brian Lowry

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