After Tesaro report, Intereconomia says Merck KGaA to acquire Madrigal

Shares of Madrigal Pharmaceuticals (MGDL) are slightly higher after Spanish media group Intereconomia reported that Germany's Merck KGaA (MKGAY) will likely acquire the company next week. Intereconomia in June reported that Roche (RHHBY) could announce a buyout of Tesaro (TSRO) in the coming days. A deal for Tesaro is yet to be announced. Merck has presented its best offer for Madrigal and beat out two competitors for the acquisition, Intereconomia reports, citing sources familiar with the process. The purchase will be made next week, the website says. Shares of Madrigal are up $1.28 to $290.00 in premarket trading. Reference Link