Merck has commenced a cash tender offer to acquire all outstanding shares of Terns Pharmaceuticals. The deal is a strategic biotech acquisition that will likely move the involved equities (TERN and MRK) in the near term, typically in the ~1-3% range for individual-stock reactions to such offers.
Merck has commenced a cash tender offer to acquire all outstanding shares of Terns Pharmaceuticals. The deal is a strategic biotech acquisition that will likely move the involved equities (TERN and MRK) in the near term, typically in the ~1-3% range for individual-stock reactions to such offers.
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