According to Bloomberg, Global Blood Therapeutics (GBT) Draws Takeover Interest

  • August 4, 2022

POTENTIAL DEAL DETAILS

StockGlobal Blood Therapeutics, Inc.SymbolGBT
Date Announced08/04/2022Source Bloomberg
TypeNews Report
Date of Confirmation: 08/08/2022Price at Confirmation: $66.60
Potential Profit: 38.78%Annualized Profit: 3538.58%

Global Blood Therapeutics Inc., (GBT) which makes a drug for sickle cell disease, is attracting takeover interest, according to people familiar with the matter.

Update(s):

August 5, 2022: Pfizer Inc. (PFE) is in advanced talks to buy Global Blood Therapeutics Inc., (GBT) for about $5 billion, in the latest move by the drug giant to bolster its portfolio and pipeline.

August 8, 2022: Pfizer Inc. (PFE) has agreed to buy Global Blood Therapeutics Inc., (GBT) the maker of a drug for sickle-cell disease, in a deal worth $5.4 billion.

August 24, 2022: Pfizer Inc. (PFE) and Johnson & Johnson duked it out in a bidding war for Global Blood Therapeutics Inc. days before Pfizer won with a $5.4 billion offer this month, according to people familiar with the matter.

September 30, 2022:  Global Blood Therapeutics (GBT) expects to consummate its deal with Pfizer (PFE) on October 5, 2022.

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