Synthorx Shares Up 165% After Sanofi Buyout Offer

Date : 12/09/2019 @ 12:23PM
Source : Dow Jones News
Stock : Sanofi (SNY)
Quote : 48.73  -0.87 (-1.75%) @ 5:00AM
After Hours
Last Trade
Last $ 48.73 ◊ 0.00 (0.00%)

Synthorx Shares Up 165% After Sanofi Buyout Offer

Synthorx (NASDAQ:THOR)
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2 Months : From Nov 2019 to Jan 2020

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By Chris Wack

 

Synthorx Inc. (THOR) shares were up 165% to $66.28 premarket after Sanofi SA (SAN.FR) said it was buying the clinical-stage biotechnology for $68 a share in cash.

The deal has an equity value of about $2.5 billion, and is expected to close in the first quarter of next year.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

December 09, 2019 07:08 ET (12:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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