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Why AbbVie Stock Jumped Today

TheMotleyFool 
0 0 23.06.26
Why AbbVie Stock Jumped Today: https://g.foolcdn.com/editorial/images/875763/abbv-stock.png
 

Shares of AbbVie (NYSE: ABBV) climbed on Monday after the pharmaceutical giant struck a deal to acquire clinical-stage biotech Apogee Therapeutics (NASDAQ: APGE) for $10.9 billion.

Image source: The Motley Fool.

Under the terms of the deal, AbbVie would purchase Apogee for $135.11 per share in cash. That's a 49% premium over the stock's closing price on Thursday, the last trading day before the deal's announcement.

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Source Fool.com

AbbVie Inc. Stock

€218.10
1.020%
There is an upward development for AbbVie Inc. compared to yesterday, with an increase of €2.20 (1.020%).
With 45 Buy predictions and not a single Sell prediction AbbVie Inc. is an absolute favorite of our community.
With a target price of 230 € there is a slightly positive potential of 5.46% for AbbVie Inc. compared to the current price of 218.1 €.
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