Verona hits record high after Merck's $10 billion acquisition
ReutersJul 9, 2025 3:17 PM
U.S.-listed shares of lung therapy firm Verona Pharma VRNA.O I9SAy.F jump 20.7% to all-time high of $104.81
Verona set of its best day in over 2 years, if gains hold
Merck MRK.N will buy London-based Verona for about $10 billion
Merck will pay $107 per American depository share for Verona
*Shares of Merck up 2.5% at $83.40
The purchase price is a premium of about 23% to Verona ADS' last closing price
*The Financial Times first reported the deal on Wednesday
Including session moves, Verona up 125.7%, Merck down 16.3% YTD
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