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BioNTech Boosts Oncology Pipeline with CureVac Deal – Merger Arbitrage Mondays

  • June 16, 2025

CureVac N.V. (CVAC): $5.57

Market Cap: $1.25 B

Deal Value: $1.25 B

German biotech firm BioNTech SE (BNTX) entered a merger agreement on June 12, 2025, to acquire domestic peer CureVac in a deal valued at $1.25 billion.

Under the terms of the agreement, each CureVac share will be exchanged for about $5.46 in BioNTech American Depositary Receipts (ADSs), representing a premium of 34.15% from the stock’s last close.

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