HALO Withdraws Acquisition Bid for EVO, Reaffirms '24 View, Stock Up [Yahoo! Finance]
Halozyme Therapeutics, Inc. (HALO)
Last halozyme therapeutics, inc. earnings: 2/24 04:02 pm
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Source: Yahoo! Finance
The acquisition offer implied a fully diluted equity value of €2.0 billion. Halozyme decided to withdraw the acquisition bid following the unwillingness of Evotec's management to discuss the potential buyout offer. EVO maintained its desire to remain an independent company. Besides withdrawing the buyout offer, HALO also reaffirmed its 2024 revenue guidance that was provided last month. Shares of Halozyme were up 7.2% on Nov. 22 following the announcement of the news. The stock has rallied 32.6% so far this year against the industry's decline of 8.5%. Image Source: Zacks Investment Research Earlier this month, Halozyme submitted its non-binding proposal to acquire Evotec for €11.00 per share in cash. The offer represented a premium of 109% to EVO's undisturbed share price on Oct. 15, 2024. Shares of HALO tanked on the buyout offer. Per Halozyme, the acquisition of EVO would have created a global services company with a distinctive set of technologies and an innovative de
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HALO
News
- Halozyme Therapeutics, Inc. (NASDAQ: HALO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $68.00 price target on the stock.MarketBeat
- How Much Upside is Left in Halozyme Therapeutics (HALO)? Wall Street Analysts Think 27.08% [Yahoo! Finance]Yahoo! Finance
- Halozyme Therapeutics (HALO) is a Top-Ranked Value Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Here's Why Halozyme Therapeutics (HALO) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
- Is Halozyme Therapeutics (HALO) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
HALO
Earnings
- 10/31/24 - Beat
HALO
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 11/12/24 - Form SC
- HALO's page on the SEC website