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Stock impact report

Eli Lilly Taps Blue-Chip Bond Market to Fund Morphic Acquisition [Yahoo! Finance]

Morphic Holding, Inc. (MORF) 
Last morphic holding, inc. earnings: 11/12 04:24 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg How a Tiny Midwestern Town Became a Mecca for Modern Architecture How Chicago's Gigantic Merchandise Mart Is Still Thriving as Office Space Los Angeles Sees Remote Work Helping ‘No Car' 2028 Olympic Games In DNC, Chicago's Embattled Transit System Faces a High-Profile Test NYC Subway Riders See ‘Exceptionally High' Air Pollution The company is looking to sell notes in at least five parts, according to a person with knowledge of the matter. The longest portion of the deal, a 40-year note, is expected to yield in the area of 1.3 percentage point over Treasuries, the person added, asking not to be identified as the details are private. A spokesperson for Lilly declined to comment. Lilly is buying Morphic to gain experimental therapies for inflammatory bowel disease and other chronic illnesses, the companies said in a July 8 statement. The deal is expected to close in the third quarter, subject to customary closing conditions. Lilly is among 16 Show less Read more
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