Why Paratek Pharmaceuticals Stock Is Up Today
Portfolio Pulse from Ryan Gustafson
Paratek Pharmaceuticals (NASDAQ:PRTK) stock is up after announcing a definitive agreement to be acquired by Gurnet Point Capital and Novo Holdings for approximately $462 million. The transaction includes the assumption of debt and is expected to close in Q3 2023.
June 06, 2023 | 7:38 pm
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Paratek Pharmaceuticals stock is up after announcing its acquisition by Gurnet Point Capital and Novo Holdings for approximately $462 million, expected to close in Q3 2023.
The acquisition deal is a significant event for Paratek Pharmaceuticals, as it will be acquired for a substantial amount of $462 million. This news directly impacts the company's stock price, as investors react positively to the announcement, driving the stock price up. The deal is expected to close in Q3 2023, which may lead to further fluctuations in the stock price as the closing date approaches.
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