Germany's Merck KGaA in $3.9 bln deal to acquire US biotech firm SpringWorks

Reuters

04-28

Germany's <a href="https://laohu8.com/S/MKGAF">Merck KGaA</a> in $3.9 bln deal to acquire US biotech firm SpringWorks

FRANKFURT, April 28 (REUTERS) - German healthcare and materials group Merck KGaA MRCG.DE said on Monday it struck a deal to acquire U.S. biotech firm SpringWorks Therapeutics SWTX.O for an equity value of $3.9 billion to boost its cancer drug business.

Darmstadt, Germany-based Merck said in a statement that the purchase price of $47 per share in cash represents an equity value of about $3.9 billion, equivalent to an enterprise value of $3.4 billion (3.0 billion euros), when SpringWorks’ cash holdings are deducted.

(Reporting by Ludwig Burger; Editing by Kirsten Donovan)

((ludwig.burger@thomsonreuters.com;))

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