Eli Lilly Taps Blue-Chip Bond Market to Fund Morphic Acquisition [BNN Bloomberg (Canada)]
Morphic Holding, Inc. (MORF)
Last morphic holding, inc. earnings: 11/12 04:24 pm
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Source: BNN Bloomberg
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 potential borrowers looking to sell fresh debt in the US high-grade market on Monday. Companies are likely trying to get ahead of a heavy economic data week, with producer price index data due Tuesday, consumer price index data out Wednesday and retail sales data coming on Thursday. Any remaining proceeds from Lilly's bond sale, after the company funds its acquisi
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MORF
News
- Eli Lilly acquires Morphic in IBD portfolio expansion [Yahoo! Finance]Yahoo! Finance
- Eli Lilly Selling $5 Billion of Bonds to Fund Morphic Deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Eli Lilly Taps Blue-Chip Bond Market to Fund Morphic Acquisition [Yahoo! Finance]Yahoo! Finance
- MORF INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Morphic Holding, Inc. and Encourages Clients to Contact the Firm!Accesswire
- MORF SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Morphic Holding, Inc. and Encourages Shareholders to Contact the Firm Today!Accesswire
MORF
Earnings
- 4/25/24 - Beat
MORF
Sec Filings
- 8/16/24 - Form S-8
- 8/16/24 - Form S-8
- 8/16/24 - Form S-8
- MORF's page on the SEC website