Xoma Royalty Shares Edge Up Premarket on Report of Takeover by Ligand

Dow Jones04-27 18:12
 

By Colin Kellaher

 

Shares of Xoma Royalty moved higher in premarket trading Monday after The Wall Street Journal reported that the drug-royalty company has agreed to be acquired by larger peer Ligand Pharmaceuticals for around $740 million.

Ligand, based in Jupiter, Fla., will pay $39 a share in cash for Xoma, a 2.9% premium to Friday's closing price of $37.90 for the Emeryville, Calif., company, The Journal reported, citing people familiar with the matter.

The deal could be announced as early as Monday.

Xoma shares were recently up 3.4% at $36.62 in premarket trading.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 27, 2026 06:12 ET (10:12 GMT)

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