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Stock impact report

Akero Therapeutics (AKRO) Jumps 16% on $5.2-Billion Novo Nordisk Merger [Yahoo! Finance]

Akero Therapeutics, Inc. (AKRO) 
Last akero therapeutics, inc. earnings: 3/16 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Akero Therapeutics saw its share prices jump by 16.33 percent on Thursday to end at $54.08 apiece following announcements that it was set to merge with Novo Nordisk in a $5.2 billion deal. In a statement, Akero Therapeutics, Inc. (NASDAQ:AKRO) said both companies officially entered into a definitive agreement, under which Novo Nordisk would acquire all AKRO shares at a price of $54 apiece alongside a non-transferable contingent value right (CVR) upon the achievement of a milestone. Akero Therapeutics (AKRO) Jumps 16% on $5.2-Billion Novo Nordisk Merger Each shareholder will be entitled to receive cash worth $6 upon full US regulatory approval of efruxifermin, a potential treatment for compensated cirrhosis due to MASH, by June 30, 2031. Akero Therapeutics, Inc. (NASDAQ:AKRO) said the offer price represents a 19 percent premium over its 30-day volume-weighted average price (VWAP), and a 42 percent premium to its closing price on May 19, prior to market speculation. Akero The Show less Read more
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