Spark Therapeutics Shares More Than Double On Roche Deal

Date : 02/25/2019 @ 12:15PM
Source : Dow Jones News
Stock : Roche Holding (QX) (RHHBY)
Quote : 37.53  0.19 (0.51%) @ 9:38PM

Spark Therapeutics Shares More Than Double On Roche Deal

Spark Therapeutics (NASDAQ:ONCE)
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   By Colin Kellaher 
 

Shares of Spark Therapeutics Inc. (ONCE) more than doubled in premarket trading Monday after the biotechnology agreed to be acquired by Swiss drugmaker Roche Holding AG (ROG.EB) for $114.50 a share.

The takeover price represents a premium of 122% to Spark's Friday closing price of $51.56 and is well above the Philadelphia company's 52-week high of $96.59 reached in July 2018.

Spark shares jumped 121% to $113.95 in premarket trading Monday.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 25, 2019 07:00 ET (12:00 GMT)

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

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