Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to WSJ, Merck (MRK) Explores Purchase of Biotech Seagen (SGEN)

  • June 17, 2022


StockSeagen Inc.SymbolSGEN
Date Announced06/17/2022Source Wall Street Journal
TypeNews Report

Drugmaker Merck & Co (MRK) is considering buying cancer-focused biotech company Seagen Inc (SGEN) according to people familiar with the matter.


June 23, 2022: Merck & Co. (MRK) is pushing forward with a potential deal for biotech Seagen Inc. (SGEN), according to people familiar with the matter, in what would be one of the largest takeovers of the year.

July 6, 2022: Merck & Co. (MRK) is in advanced talks to acquire Seagen Inc. (SGEN) and is aiming to agree on a purchase of the cancer biotech in the next few weeks, according to people familiar with the matter, in a deal that could be worth roughly $40 billion or more.

July 15, 2022: Merck & Co.’s  (MRK) roughly $40 billion deal for Seagen Inc. is unlikely to be finalized ahead of the pharmaceutical giant’s earnings later this month, though the talks remain on track, according to people familiar with the matter.

August 25, 2022: Merck & Co.’s (MRK)  talks to buy cancer-drug maker Seagen (SGEN) have stalled, for now, The talks are said to have ended over a disagreement on price, according to a Bloomberg report.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.