Longboard Pharmaceuticals shares are trading higher after the company announced it will be acquired by Lundbeck.
Portfolio Pulse from Benzinga Newsdesk
Longboard Pharmaceuticals shares are trading higher following the announcement of its acquisition by Lundbeck.
October 14, 2024 | 11:40 am
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POSITIVE IMPACT
Longboard Pharmaceuticals shares are experiencing a price increase due to the announcement of its acquisition by Lundbeck.
The acquisition announcement typically leads to a positive short-term impact on the target company's stock price as investors anticipate potential benefits from the merger.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100