Why was Genb

One day after the announcement of a major acquisition, its Denmark headquarters Biotechnology Genmab (Nasdaq: GMAB) He was working well on the stock exchange on Tuesday. There was a couple of analysts affected by the new company, which helps to push it to an increase of a rate of approximately 5 % in the late trading in the late session. This number was several times higher than the marginal height (0.1 %) of S & P 500 (Snpindex: ^Gspc) At that point.

Genbab was in the spotlight after announcing Monday that she had agreed to obtain a counterpart at the Netherlands mayor. The price is $ 97 per share, which will be paid in cash. Finally, the value of the deal is 8 billion dollars, and it has been approved by the boards of directors of the two companies. It is expected to be closed in the first quarter of 2026.

Genbab wrote in its press statement about the acquisition that “must” accelerate the transformation of Genbab into a fully owned model, expand and diversify the company’s revenues, push the continuous growth to the next decade and contribute to the development of Genbab to a leader in the field of biotechnology. “

The analysts posted updates on Genmab Tuesday Waxed Bullish on the deal. Securities Trist Asthika Goonewardne analyzer has reiterated a recommendation on the arrow, with $ 46 per share The target price. According to reports, he wrote that Genbab actually acquires MERUS drugs late in Petosemtamab cancer at a very attractive price.

Eching similar feelings, Yaron Werber from TD Cowen significantly its target price on Genmab; It is now $ 32 per share, which is up to $ 24. Weber is more careful about the stocks, as it maintains a recommendation.

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