VectivBio shares are trading higher after Ironwood Pharmaceuticals announced it would acquire the company for $17 per share.
Portfolio Pulse from Benzinga Newsdesk
Ironwood Pharmaceuticals announced it would acquire VectivBio for $17 per share, causing VectivBio shares to trade higher.
May 22, 2023 | 11:49 am
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POSITIVE IMPACT
VectivBio shares are trading higher after Ironwood Pharmaceuticals announced it would acquire the company for $17 per share.
VectivBio's stock price is likely to increase in the short term due to the acquisition announcement by Ironwood Pharmaceuticals at a price of $17 per share, which is perceived as a positive development for the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Ironwood Pharmaceuticals announced the acquisition of VectivBio for $17 per share.
Ironwood Pharmaceuticals' acquisition of VectivBio may have a neutral short-term impact on its stock price, as the market digests the news and evaluates the potential benefits and risks of the acquisition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100