Juno Therapeutics' Stock Soars on Buyout Confirmation [The Motley Fool]
JUNO THERAPEUTICS (JUNO)
Last juno therapeutics earnings: 11/1 04:05 pm
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Source: The Motley Fool
The rumor turned out to be true. Brian Feroldi ( TMFTypeoh ) Jan 22, 2018 at 10:33AM What happened In response to accepting a buyout offer, shares of Juno Therapeutics ( NASDAQ:JUNO ) , a clinical-stage biotech focused on immunotherapies, jumped 27% as of10:30 a.m. EST on Monday. So what It appears that the rumor was true. Investors learned on Monday that Juno accepted an all-cash buyout offer from biotech giant Celgene ( NASDAQ:CELG ) . The deal is worth $9 billion, or $87 per share. That represents a 28% premium to Juno's closing price on Friday. Image source: Getty Images. Here's what Juno's CEO Hans Bishop had to say about the deal: The people at Juno channel their passion for science and patients toward a common goal of finding cures by creating cell therapies that help people live longer, better lives. Continuing
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