![Forma Therapeutics Shares Surge on Takeover by Novo Nordisk Forma Therapeutics Shares Surge on Takeover by Novo Nordisk](https://bestinvestmentsnow.com/wp-content/uploads/https://www.morningstar.com/assets/img/dow-jones.51166f0.png)
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By Colin Kellaher
Shares of Forma Therapeutics Holdings Inc. took flight Thursday after the clinical-stage biopharmaceutical firm agreed to be acquired by Denmark’s Novo Nordisk AS for about $1.1 billion.
Novo stated it might pay $20 a share in money for Forma, about 49% above Wednesday’s closing value of $13.40 for the Watertown, Mass., firm and a greater than 90% premium to Forma’s 30-day volume-weighted common share value.
The deal is slated to shut by the top of the 12 months.
Forma shares had been just lately altering arms at $19.79, up practically 48%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 01, 2022 10:04 ET (14:04 GMT)
Copyright (c) 2022 Dow Jones & Firm, Inc.
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