By Colin Kellaher
Shares of Merus surged in premarket trading Monday after the clinical-stage biotechnology company agreed to be acquired by Danish biotech Genmab for about $8 billion.
Genmab said it will pay $97 a share in cash for Merus, a roughly 41% premium to Friday's closing price of $68.89 for the Utrecht, Netherlands, company.
The deal is slated to close by early in the first quarter of 2026.
Merus shares were recently up 38% to $95.20 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 29, 2025 05:55 ET (09:55 GMT)
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