M&A
confidence high
sentiment positive
materiality 0.90
GSK to acquire Nuvalent for $124/share (~$10.6B); assets under FDA review for 2026 approval
Nuvalent, Inc.
- All-share tender offer at $124.00 per share; aggregate equity value ~$10.6B; net cash investment ~$9.4B.
- 40% premium to last closing price; 26% premium to 30-day VWAP; no financing condition.
- Deal includes late-stage ROS1 inhibitor zidesamtinib and ALK inhibitor neladalkib; FDA decisions due Sept/Nov 2026.
- Supporting stockholders (~28% of Class A shares) have agreed to tender; termination fee $350.5M.
- Transaction expected to close Q3 2026; GSK expects accretion to operating profit in 2027, EPS in 2029.
Featured in Daily 8-K Digest
Selected #3 for 2026-06-09.
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