Pfizer agrees to buy Global Blood Therapeutics in deal valued at $5.4 billion: WSJ

Pfizer Inc. /zigman2/quotes/202877789/composite PFE -0.31% has reached an agreement to buy Global Blood Therapeutics Inc. [s :gbt] in a deal valued at $5.4 billion, the Wall Street Journal reported, citing people familiar with the matter. The news comes after the Journal reported Friday that the two were in advanced talks. Pfizer will pay $68.50- a share in cash for Global Blood Therapeutics, which has one of few approved treatments for sickle-cell disease. The companies are expected to announce the deal later Monday. Global Blood Therapeutics shares rose 1.8% in premarket trade Monday, and are up 118% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.11% has fallen 13%.

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Pfizer Inc.

US : U.S.: NYSE

$ 38.97

-0.12 -0.31%

Volume: 19.78M

June 9, 2023 4:03p

P/E Ratio

7.68

Dividend Yield

4.21%

Market Cap

$220.68 billion

Rev. per Employee

$1.12M

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S&P 500 Index

US : S&P US

4,298.86

+4.93 +0.11%

Volume: 0.00

June 9, 2023 5:38p