Pfizer poised to buy Metsera in $10 bn deal after bidding war
The Peninsula
San Francisco, United States: Pfizer was poised to seal a takeover of Metsera on Saturday after its improved offer won over the biotechnology startup...
San Francisco, United States: Pfizer was poised to seal a takeover of Metsera on Saturday after its improved offer won over the biotechnology startup's board and Danish challenger Novo Nordisk called a halt to a back-and-forth bidding war.
Metsera, a US firm specializing in obesity treatments, has been the subject of escalating offers from US pharma giant Pfizer and Novo Nordisk, which makes the weight-loss drug Wegovy and the antidiabetic medication Ozempic.
In a press release Friday, Metsera said Pfizer had made an improved offer to acquire it for up to $86.25 per share, in a deal worth around $10 billion.
Metsera said its board "unanimously recommends that... stockholders approve the adoption of the amended Pfizer merger agreement and approve the merger."
It added that it expected to close the deal "promptly" after a shareholder meeting on November 13.
Tukka, Indonesia: Officials in Indonesia and Sri Lanka battled Wednesday to reach survivors of deadly flooding in remote, cut off regions as the toll...
Islamabad: Pakistan s trade deficit reached 2.9 billion U.S. dollars in November, expanding by nearly 33 percent from the same month last year, the Pa...
Dar es Salaam: Tanzania s President Samia Suluhu Hassan on Tuesday justified the killing of protesters during recent election unrest, saying it was ne...
New Delhi, India: India has ordered smartphone makers to pre install a government run cyber security app that cannot be removed, a move that has raise...
Bangkok: Thai football fans pledged Monday to skip cheering for their home team from stadium stands during upcoming Southeast Asian Games matches over...
Paris, France: French oil group TotalEnergies said Monday it was selling a 40 percent stake in Nigerian offshore exploration licences to a subsidiary...
Gaza: Municipalities in the Gaza Strip have warned of an imminent collapse of essential services due to the rapidly deteriorating fuel crisis, followi...
Hong Kong: Hong Kong police said on Monday a total of 13 people had been arrested for manslaughter over a deadly fire that ripped through an apartment...
Washington: US President Donald Trump said on Saturday that the airspace above and surrounding Venezuela will be shut down entirely, without providing...
Kiev: Ukrainian President Volodymyr Zelensky appointed Rustem Umerov as the new head of the Ukrainian delegation to peace talks with the United States...