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The cash premium and clear path to a completed merger reduce execution risk for Forte holders and move ARGX closer to expanding its immunology portfolio; near-term price movements will hinge on tender progress and regulatory clearance, with a potential longer-term lift if FB102 integration adds value.
What happened, with direct paths to the underlying reporting
argenx announced a cash tender for Forte Biosciences at $77 per share under a July 26 merger agreement. The offer has a minimum tender condition and antitrust clearances, expires August 26, 2026, and carries no financing condition. If completed, Forte becomes a wholly owned subsidiary, potentially expanding argenx's autoimmune portfolio with Forte’s FB102 program.
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