IGM Biosciences climbs on merger deal with Concentra

6 days ago 1
Wooden blocks with text M and A on light blue paper, business concept. MA - short for mergers and acquisitions
  • Micro-cap cancer drug developer IGM Biosciences (NASDAQ:IGMS) added ~21% after Concentra Biosciences agreed to acquire the company for $1.247 in cash upfront plus a non-tradeable contingent value right (CVR) per share.
  • Under the terms, Concentra, an entity controlled by hedge fund Tang

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