Name: Abbvie (ABBV) To Acquire Immunogen (IMGN)
Uploaded: 2023-11-30T21:48:38.052
Duration: 2 min 56 s

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Abbvie (ABBV) is to acquire Immunogen (IMGN). Jenny Horne discusses this Biotech deal as the transaction values IMGN at $10.1B. ABBV is to acquire outstanding shares of IMGN for $31.26 per share in cash. This deal is expected to close in the middle of 2024 and the proposed transaction is expected to be accretive to EPS beginning in 2027. Tune in to find out more about the stock market today.

Abbvie (ABBV) To Acquire Immunogen (IMGN)

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