Singular Genomics shares are trading higher after the company announced it received a non-binding acquisition proposal from Deerfield
Portfolio Pulse from Benzinga Newsdesk
Singular Genomics shares rose following a non-binding acquisition proposal from Deerfield.
September 13, 2024 | 11:59 am
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Singular Genomics, trading under the symbol OMIC, saw its shares rise after announcing a non-binding acquisition proposal from Deerfield.
The announcement of a potential acquisition typically leads to a positive market reaction as it may imply a premium on the current stock price. The non-binding nature of the proposal suggests that while the deal is not finalized, it is a significant development for the company.
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