Precigen Shares Gain 20% as Germany's Merck Raises Stake
October 09 2020 - 10:38AM
Dow Jones News
By Colin Kellaher
Shares of Precigen Inc. rose more than 20% on Friday after
Germany's Merck KGaA raised its stake in the biopharmaceutical
company.
Precigen said Merck, its second-largest shareholder, opted to
convert a $25 million note into common stock early, boosting its
stake in the Germantown, Md., company to 14.8% from 11.6%.
Precigen shares were recently up 20.6% to $5.32.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 09, 2020 10:23 ET (14:23 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Merck KGaA (PK) (USOTC:MKKGY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Merck KGaA (PK) (USOTC:MKKGY)
Historical Stock Chart
From Apr 2023 to Apr 2024
