Replies to post #233948 on Biotech Values

[vinmantoo]

AMAG up 35% after hours on no news that I can see. Strange?

The way things are now, maybe they are thinking about reporting that they are developing a drug to fight COVID-19.

[DewDiligence]

Covis Grp acquires AMAG for $13.75/sh cash—a 46% premium to yesterday’s close:

https://www.globenewswire.com/news-release/2020/10/01/2102400/0/en/Covis-Group-Announces-Agreement-to-Acquire-AMAG-Pharmaceuticals.html

The nominal deal value is $647M (including assumption of debt).