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CinCor Pharma Stock Surges on Offer to Be Obtained by AstraZeneca

by souhaib
January 9, 2023
in Business, Trending
0
CinCor Pharma Stock Surges on Offer to Be Obtained by AstraZeneca
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AstraZeneca


agreed to acquire U.S. biotech firm

CinCor Pharma


in a deal perhaps valued at $1.8 billion, the British pharmaceutical big claimed Monday.

The offer rate of $26 a share represents a 121% quality to CinCor’s (ticker: CINC) closing cost on Friday, and will see

AstraZeneca


(AZN.U.K.) pay back $1.3 billion up front. 


AstraZeneca


agreed to acquire U.S. biotech firm

CinCor Pharma


in a deal perhaps valued at $1.8 billion, the British pharmaceutical big claimed Monday.

The offer rate of $26 a share represents a 121% quality to CinCor’s (ticker: CINC) closing cost on Friday, and will see

AstraZeneca


(AZN.U.K.) pay back $1.3 billion up front. 

Tags: acquisitionsAcquisitions/MergersAcquisitions/Mergers/ShareholdingsAstraZenecaAZN.LNBiopharmaceuticalsBiotech and PharmaBiotechnologyC&E Exclusion FilterC&E Industry News FilterCINCCinCor PharmaContent TypescorporateCorporate ActionsCorporate/Industrial NewsdisruptionsFactiva FiltersFinancial PerformanceHealthcareHealthcare/Life Sciencesindustrial newslife sciencesM&AMarketsmergersNorth AmericaOwnership ChangesPharmaceuticalsRapid ResponseRetailRetail/Wholesaleshare price movementShare Price Movement/DisruptionsshareholdingssyndUK:AZNwholesaleWholesalers
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