Standard BioTools shares are trading lower after the company announced it will combine with SomaLogic in an all-stock merger.
Portfolio Pulse from Benzinga Newsdesk
Standard BioTools announced it will merge with SomaLogic in an all-stock deal, causing its shares to trade lower.
October 04, 2023 | 4:08 pm
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Standard BioTools' stock is trading lower after announcing a merger with SomaLogic.
The announcement of the merger has led to a decrease in the stock price of Standard BioTools. This is likely due to uncertainty among investors about the future of the company post-merger.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100