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Investors Cool On Seagen As Merck & Co Merger Hopes Fade

Seagen Suggests Focus On Own M&A

 
• By Andrew McConaghie

After more than three months of speculation about a possible Merck & Co buyout, the chatter has gone quiet – but the deal might not be dead yet.

Seagen
Merck has said to have cooled off because of Seagen's asking price - but a deal might still be struck. • Source: Shutterstock

Investors’ fears that Merck & Co will not agree a much-rumored takeover of Seagen are growing, with new comments from the biotech’s leadership further dampening hopes.

Speculation about a possible bid in excess of $30bn first emerged in June and pushed the firm’s market cap to...

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