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Pfizer to buy Array Biopharma for $48 a share in cash

Pfizer to buy Array Biopharma for $48 a share in cash

BUSINESS NEWS

Pfizer to buy Array Biopharma for $48 a share in cash

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Pfizer has agreed to acquire Array Biopharma for approximately $11.4 billion in cash, including debt.

Shares of Array Biopharma soared 59% in premarket trading on the news.

The boards of directors of both companies have approved the merger.

This is breaking news. Please check back for updates.

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