Biogen proposes to buy remaining stake in Sage in $442 million deal
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Biogen plans to acquire the remaining shares of Sage Therapeutics for $442 million, offering $7.22 per share. This announcement led to a 34% increase in Sage's stock during extended trading.
January 11, 2025 | 12:00 am
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POSITIVE IMPACT
Biogen is set to acquire the remaining shares of Sage Therapeutics for $442 million, which could strengthen its portfolio and market position.
The acquisition of Sage Therapeutics could enhance Biogen's product offerings and market presence, potentially leading to positive investor sentiment and a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sage Therapeutics' stock surged 34% in extended trading following Biogen's offer to buy remaining shares for $7.22 each.
The acquisition offer from Biogen at a premium price led to a significant increase in Sage's stock price, reflecting strong investor interest and confidence in the deal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100