Zogenix Shares Leap More Than 60% Premarket on UCB Deal
19 Enero 2022 - 5:28AM
Noticias Dow Jones
By Colin Kellaher
Shares of Zogenix Inc. soared more than 60% in premarket trading
Wednesday after the biopharmaceutical company agreed to be acquired
by larger Belgian peer UCB S.A. in a deal worth up to $1.9
billion.
Brussels-based UCB said it would pay $26 a share in cash for
Zogenix, a roughly 66% premium to Tuesday's closing price of $15.64
for the Emeryville, Calif., company.
Zogenix shareholders also would receive contingent value rights
potentially worth another $2 a share, subject to European Union
approval of Fintepla as an orphan medicine for treatment of
Lennox-Gastaut syndrome by the end of 2023.
UCB said it expects to complete the acquisition by the end of
the second quarter.
Zogenix shares were recently up 60.4% in premarket trading,
while shares of UCB gained 2.4% to EUR90.92 in Europe.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 19, 2022 06:13 ET (11:13 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Zogenix (NASDAQ:ZGNX)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Zogenix (NASDAQ:ZGNX)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Zogenix Inc (NASDAQ): 0 recent articles
Más de Zogenix Inc Artículos de Noticias