BUZZ-Abbvie jumps after $10.9 billion deal to buy Apogee Therapeutics

Apogee Therapeutics, Inc.
AbbVie, Inc.

Apogee Therapeutics, Inc.

APGE

0.00

AbbVie, Inc.

ABBV

0.00

  • Shares of biotech firm Abbvie ABBV.N up 6.8% at $231.1

  • Abbvie to acquire drug developer Apogee Therapeutics APGE.O for $10.9 billion in cash

  • Apogee shareholders will receive $135.11 per share in cash

  • Deal expected to be accretive to ABBV's adj EPS starting 2032

  • Shares of Abbvie up 1.2% YTD, including session moves

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.