It's an M&A Monday for the pharma companies. Two major pharma acquisitions announced today.
1) Celgene acquires Juno for $9 billion http://alph.st/pd7bf702
2) Sanofi acquires Bioverative for $11.6 billion
Last week, there was a rumor that Celgene's acquisition of Juno and also news about Sanofi's buyout. Both the acquiring companies stock prices have dipped and acquired companies stock prices shoot up.
1) Celgene acquires Juno for $9 billion http://alph.st/pd7bf702
2) Sanofi acquires Bioverative for $11.6 billion
Last week, there was a rumor that Celgene's acquisition of Juno and also news about Sanofi's buyout. Both the acquiring companies stock prices have dipped and acquired companies stock prices shoot up.