The buyout price of $229/sh cash is a 42% premium to SGEN’s “unaffected” 2/24/23 closing price. The nominal deal value is $43B including assumption of debt.
The deal is expected to close in late 2023 or 2024 due to a lengthy review by antitrust regulators.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”