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The cash offer creates a guaranteed exit price for APGE holders and immediate upside relative to pre-announcement levels. Historically, such deals push target stocks toward the offer price, though closing risk and regulatory timelines can cap gains if delays arise or deal fails.
What happened, with direct paths to the underlying reporting
AbbVie will acquire Apogee Therapeutics in a cash deal valued at about $10.9 billion at $135.11 per APGE share. APGE surged 46.8% to $132.66 on Thursday, signaling strong bidder premium expectations. Near-term catalysts are regulatory approvals and closing; if completed, APGE shareholders receive cash and the company exits public trading.
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