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0.000229179080533451 -2.29179080534623E-05 2.2917908053332E-05 0 -0.00178759682816159 -0.00160425356373481 -0.00100838795434752 -0.00155841774762801
Stock impact report

Cidara's Narrow Spread: The Bidding War Is Over [Seeking Alpha]

Cidara Therapeutics, Inc. (CDTX) 
Last cidara therapeutics, inc. earnings: 3/4 05:55 am Check Earnings Report
US:NASDAQ Investor Relations: ir.cidara.com
Company Research Source: Seeking Alpha
FT reported earlier MRK was close to a deal after a competitive bidding war, with another pharma group still potentially in play for CDTX. The upside from current prices to the deal price is about 2%, with significant downside risk if the deal falls through. Regulatory hurdles appear limited; a quick close is possible unless an unlikely second request is made, which could extend the timeline and affect returns. milorad kravic/E+ via Getty Images Cidara Therapeutics, Inc. CDTX ) traded at ~$200 in the pre-market. That was around +90% vs. yesterday's closing price because the FT published a story that Cidara and Merck & Co., Inc. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CDTX over the next 72 hours. I wrote this article myself, and it express Show less Read more
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