EQRx shares are trading higher after the company announced it will be acquired by Revolution Medicines in an all-stock transaction.
Portfolio Pulse from Benzinga Newsdesk
EQRx is set to be acquired by Revolution Medicines in an all-stock transaction, leading to a rise in EQRx's share prices.
August 04, 2023 | 9:58 am
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EQRx's shares are trading higher following the announcement of its acquisition by Revolution Medicines.
The announcement of EQRx's acquisition by Revolution Medicines has led to a surge in EQRx's share prices. This is a common reaction in the stock market as acquisitions often lead to increased investor confidence in the acquired company, leading to higher demand for its shares.
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