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113 days

Germany's Merck Agrees to Buy US Biotech SpringWorks Therapeutics for Almost $4B

1. Merck KGaA to acquire SpringWorks for $3.9 billion. 2. Offer includes $47 per share, 26% premium over recent prices. 3. SWTX shares up 2% premarket; Merck shares up 1.5%. 4. Deal expected to close in H2 2025, pending regulatory approval. 5. Accretive to Merck's earnings pre-2027, enhancing focus on rare diseases.

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FAQ

Why Bullish?

The acquisition at a premium price boosts investor confidence in SWTX.

How important is it?

The acquisition and significant premium impact the valuation and perception of SWTX.

Why Long Term?

The anticipated contributions to Merck's earnings may stabilize SWTX's value over time.

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