Merck & Co. in Talks to Buy Cubist, May Pay ~$100/Shr, NYT Says
2014-12-06 00:14:20.16 GMT
By Huang Zhe
Dec. 5 (Bloomberg) -- Merck is expected to pay ~$100 apiece
for Cubist, NY Times reports, citing unidentified people briefed
on the matter.
* The agreement may be announced as early as next week
* Cos. didn’t respond to NYT requests for comments
* CBST jumps 15% post-mkt on ~8k shrs
* NOTE: Aug. 18, Cubist at War With Superbugs Offers Ammo for
Pfizer: Real M&A
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To contact the reporter on this story:
Huang Zhe in San Francisco at +1-415-617-7003 or
zhuang37@bloomberg.net
To contact the editors responsible for this story:
Clyde Eltzroth at +1-212-617-1879 or
celtzroth1@bloomberg.net
Vivek Shankar
2014-12-06 00:14:20.16 GMT
By Huang Zhe
Dec. 5 (Bloomberg) -- Merck is expected to pay ~$100 apiece
for Cubist, NY Times reports, citing unidentified people briefed
on the matter.
* The agreement may be announced as early as next week
* Cos. didn’t respond to NYT requests for comments
* CBST jumps 15% post-mkt on ~8k shrs
* NOTE: Aug. 18, Cubist at War With Superbugs Offers Ammo for
Pfizer: Real M&A
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Huang Zhe in San Francisco at +1-415-617-7003 or
zhuang37@bloomberg.net
To contact the editors responsible for this story:
Clyde Eltzroth at +1-212-617-1879 or
celtzroth1@bloomberg.net
Vivek Shankar