In a major development this Tuesday, Alfasigma, the global pharmaceutical company, announced a cash offer of $19 per share for Intercept Pharmaceuticals Inc., a move that led to an impressive 79% surge in Intercept's stock value. The offer represents an 82% premium on Intercept's share price prior to the announcement.
The acquisition deal has been unanimously approved by both companies and is expected to close by the end of this year. This strategic move is anticipated to strengthen Alfasigma's position in the pharmaceutical industry while providing an opportunity for significant growth for Intercept.
Details about the financial advisors or banks involved in the transaction have not been disclosed as of yet. Further updates regarding the acquisition will be followed closely by market watchers and investors alike.
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