VectivBio Holding, Greenhill, Atea Pharmaceuticals And Other Big Stocks Moving Higher On Monday
Portfolio Pulse from Lisa Levin
US stocks traded higher on Friday, with several big stocks recording gains. Greenhill & Co. shares rose after Mizuho announced its acquisition, VectivBio Holding gained after Ironwood Pharmaceuticals announced its acquisition, and Atea Pharmaceuticals surged after receiving an acquisition proposal from Tang Capital Partners and Concentra.
May 22, 2023 | 2:33 pm
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Atea Pharmaceuticals shares surged 33.5% to $4.9375 after Tang Capital Partners and Concentra sent an acquisition proposal to acquire all of its outstanding common stock.
Atea Pharmaceuticals' stock price surged after receiving an acquisition proposal from Tang Capital Partners and Concentra. This news directly impacts the company's valuation and is highly relevant and important for investors.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Greenhill & Co. shares rose 116.4% to $14.67 after Mizuho announced it would acquire the company for $15 per share.
Greenhill & Co.'s stock price rose significantly after the announcement of its acquisition by Mizuho at a premium price. This news directly impacts the company's valuation and is highly relevant and important for investors.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
VectivBio Holding shares gained 38.5% to $16.20 after Ironwood Pharmaceuticals announced it would acquire the company for $17 per share.
VectivBio Holding's stock price increased significantly after Ironwood Pharmaceuticals announced its acquisition at a premium price. This news directly impacts the company's valuation and is highly relevant and important for investors.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100