Genmab to Acquire Merus for $8 Billion in All-Cash Deal

Reuters11-07
Genmab to Acquire Merus for $8 Billion in All-Cash Deal

Genmab intends to acquire all shares of Merus, a clinical-stage biotechnology company, for USD 97.00 per share in an all-cash transaction valued at approximately USD 8.0 billion. The deal is expected to be funded through a combination of cash on hand and around $5.5 billion in non-convertible debt financing, with funding commitments already secured. The transaction is anticipated to close by early in the first quarter of 2026, pending customary closing conditions. Merus' lead asset, petosemtamab, is currently in Phase 3 development.

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