Singular Genomics Shares Soar After Deerfield Increases Acquisition Offer

By MarketWatch | Nov 4, 2024 at 02:39 PM EST

Singular Genomics Systems' shares surged following Deerfield Management's increased acquisition proposal. The stock price rose 60% to $21.60, with Deerfield offering $24 per share. Negotiations are ongoing, with an exclusivity agreement in place, but the acquisition is not yet guaranteed.

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