Market Overview

Merck in Talks to Acquire Cubist for ~$100/Share

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Merck in Talks to Acquire Cubist for ~$100/Share

Merck & Co Inc. (NYSE: MRK), is reportedly in talks to acquire Lexington, MA-based Cubist Pharmaceuticals Inc. (NASDAQ: CBST) for around $7.5 billion, or approximately $100 per share according to the NY Times DealBook. A deal could be announced as early as next week, according to persons familiar with the matter.

Cubist shares closed Friday at $74.36, down $0.16.

Posted-In: NY TimesM&A News Rumors

 

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