Shire Plc said it will acquire NPS Pharmaceuticals Inc in an all-stock transaction for about $5.2 billion, the companies said in a joint statement on Sunday. Shire will pay $46.00 per NPS share, representing a premium of about 7.2 percent over NPS' Friday close.
NPS Pharmaceuticals, Inc. (NPS) is a biopharmaceutical company focused on pioneering and delivering therapies that transform the lives of patients with rare diseases worldwide. Shares of NPSP fell by 2.35% or $-1.01/share to $41.91. In the past year, the shares have traded as low as $22.11 and as high as $42.95. On average, 1585980 shares of NPSP exchange hands on a given day and today's volume is recorded at 1091052.
Shire plc (Shire) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician. Shares of SHPG traded higher by 1.59% or $3.4/share to $217.49. In the past year, the shares have traded as low as $141.32 and as high as $264.98. On average, 1904920 shares of SHPG exchange hands on a given day and today's volume is recorded at 1044116.
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