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Monday, March 2, 2020

Gilead takes out Forty Seven for $4.9B

Immuno-oncology therapy developer Forty Seven (NASDAQ:FTSV) jumps 62% premarket on average volume in reaction to Gilead Sciences’ (NASDAQ:GILD) $95.50 per share cash offer representing a total transaction value of ~$4.9B.
The deal should close next quarter.
https://seekingalpha.com/news/3547352-gilead-takes-out-forty-seven-for-4_9b

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