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Why AtaiBeckley Stock Soared Today

TheMotleyFool

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Why AtaiBeckley Stock Soared Today: https://g.foolcdn.com/editorial/images/879351/healthcare-stocks-gettyimages-1412197515-1500x1000-6b42342.jpg

Shares of AtaiBeckley (NASDAQ: ATAI) surged on Thursday after the mental health-focused biotechnology company agreed to be acquired by pharmaceutical giant Eli Lilly (NYSE: LLY).

Image source: Getty Images.

Under the terms of the deal, Lilly will purchase AtaiBeckley for $6.75 per share in cash. The healthcare leader will also pay up to $2.50 per share in additional milestone payments if certain development and regulatory goals are achieved.

Source Fool.com

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