Cidara Shares Nearly Double Premarket on Report of Takeover by Merck

Dow Jones

Nov 14

By Colin Kellaher

Shares of Cidara Therapeutics took flight in premarket trading Friday after the Financial Times reported that Merck & Co. is nearing a $9.2 billion deal to buy the biotechnology company.

Merck has agreed to pay $221.50 a share for Cidara, more than twice Thursday's closing price of $105.99 for the San Diego company, the FT reports, citing people familiar with the matter.

The deal could be announced as soon as Friday, according the report.

Representatives for Merck and Cidara couldn't immediately be reached for comment early Friday morning.

Cidara shares were recently up 89% to $200.48 in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 14, 2025 06:05 ET (11:05 GMT)

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Co. is nearing a $9.2 billion deal to buy the biotechnology company. \n</p>\n<p>\n  Merck has agreed to pay $221.50 a share for Cidara, more than twice Thursday's closing price of $105.99 for the San Diego company, the FT reports, citing people familiar with the matter. \n</p>\n<p>\n  The deal could be announced as soon as Friday, according the report. \n</p>\n<p>\n  Representatives for Merck and Cidara couldn't immediately be reached for comment early Friday morning. \n</p>\n<p>\n  Cidara shares were recently up 89% to $200.48 in premarket trading. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2025 06:05 ET (11:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDTX","symbol_name":"Cidara Therapeutics, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2583577280","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583577280","pubTimestamp":1763118300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Cidara Therapeutics took flight in premarket trading Friday after the Financial Times reported that Merck & Co. is nearing a $9.2 billion deal to buy the biotechnology company.Merck has agreed to pay $221.50 a share for Cidara, more than twice Thursday's closing price of $105.99 for the San Diego company, the FT reports, citing people familiar with the matter.The deal could be announced as soon as Friday, according the report.Representatives for Merck and Cidara couldn't immediately be reached for comment early Friday morning.Cidara shares were recently up 89% to $200.48 in premarket trading.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CDTX":"Cidara Therapeutics, Inc.","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","LU1035773651.USD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (USD) INC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU2468319806.SGD":"MANULIFE GF HEALTHCARE \"AA\" (SGDHDG) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. 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