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News  ›  Benzinga

Pfizer To Raise Metsera Bid After Court Denies Attempt To Block Rival Deal

Benzinga Logo Benzinga By Vandana Singh
Pfizer To Raise Metsera Bid After Court Denies Attempt To Block Rival Deal

Delaware Chancery Court denied Pfizer's request to prevent Metsera from terminating their merger agreement in favor of Novo Nordisk's competing proposal. Pfizer plans to raise its bid and challenges the legality of Novo Nordisk's transaction structure.

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PFE   neutral

Actively pursuing the acquisition by preparing to raise its bid and challenging the rival deal legally