Deciphera Pharmaceuticals shares are trading higher after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Deciphera Pharmaceuticals (DCPH) shares surged following the announcement of its acquisition by ONO Pharmaceutical for $25.60 per share in cash.
April 29, 2024 | 11:35 am
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Deciphera Pharmaceuticals' stock price is expected to rise in the short term due to the acquisition announcement by ONO Pharmaceutical at $25.60 per share in cash.
The acquisition announcement typically leads to a positive market reaction for the company being acquired, as the buyout price often represents a premium to the current trading price. In this case, the cash offer of $25.60 per share is likely to be viewed favorably by investors, driving up DCPH's stock price in the short term.
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