Arena Pharmaceuticals skyrockets following Pfizer takeout agreement Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Arena Pharmaceuticals (ARNA) up 87% after entering into a definitive agreement under which Pfizer will acquire Arena for $100 per share in an all-cash transaction with a total equity value of approximately $6.7B
- Clear Channel Outdoor (CCO) up 13% after initiating a strategic review for its European business and raising its Q4 revenue outlook
- Harley-Davidson (HOG) and AEA-Bridges Impact Corp. (IMPX) up 12% and 4%, respectively, after announcing AEA-Bridges Impact will combine with LiveWire, Harley-Davidson's electric motorcycle division, to create a new publicly traded company
- Foghorn Therapeutics (FHTX) up 40% after disclosing a 9.7%, or 4M share, stake has been taken by Eli Lilly (LLY) after the two companies announced a collaboration for novel oncology targets
- Aries I Acquisition (RAM) up 2% after Infinite Assets and Aries I Acquisition announced they have entered into a definitive agreement for a business combination that upon consummation is expected to result in InfiniteWorld becoming a publicly traded company with a pro forma equity value of approximately $700M, assuming no redemptions by Aries' public shareholders
LOWER -
- Dollar Tree (DLTR) down 1% after issuing a statement regarding recent interactions with Mantle Ridge and its notice seeking to nominate a full slate of 11 directors to the company's board of directors at its 2022 annual meeting
- IGM Biosciences (IGMS) down 30% after presenting clinical results from the company's Phase 1 trial evaluating IGM-2323, a novel bispecific IgM antibody targeting CD20 x CD3, at the 63rd American Society of Hematology Annual Meeting and Exposition
- X4 Pharmaceuticals (XFOR) down 21% after highlighting key takeaways from three clinical and scientific posters presented over the weekend at the American Society of Hematology
- TherapeuticsMD (TXMD) down 10% after announcing that the FDA determined that it could not approve revisions to certain manufacturing testing limits for Annovera through the sNDA previously submitted by the company
Symbols:
ARNA CCO HOG IMPX RAM DLTR IGMS XFOR TXMD PFE FHTX LLY - $244.11 /
+1.125 (+0.46%)
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