BUZZ-Springworks jumps after Reuters reports Merck KGaA in talks to buy company

Reuters
02-10
BUZZ-Springworks jumps after Reuters reports <a href="https://laohu8.com/S/MKGAF">Merck KGaA</a> in talks to buy company

** Cancer and rare diseases drugmaker Springworks Therapeutics' SWTX.O shares surge, up about 30% to $52.70 in morning trade

** Reuters reports that German healthcare and technology group, Merck KGaA MRCG.DE is in advanced talks to acquire SWTX, according to people familiar with the matter

** If the talks are successful, a deal could be signed in the coming weeks, according to Reuters' sources

** Both Springworks and Merck declined to comment

** SWTX stock has risen 12% in the last 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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