BUZZ-SpringWorks rises after report Germany's Merck has made nearly $3.5 billion deal

Reuters
Yesterday
BUZZ-SpringWorks rises after report Germany's Merck has made nearly $3.5 billion deal

** Shares of drugmaker SpringWorks Therapeutics SWTX.O rise 8.2% to $44.59

** Germany's Merck KGaA MRCG.DE is nearing a roughly $3.5 billion deal for SWTX, the Wall Street Journal reports

** Both companies have agreed on a price close to $47 per share, report says

** Up to last close, SWTX up 14% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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