07/27/2026
Forte Biosciences
— The biotech stock rallied more than 39% on news it will be acquired by Netherlands-headquartered Argenx
for $2.2 billion in cash, or $77 per share. The deal, expected to close in the third quarter, represents a premium of 40% from Forte’s close of $54.78 on Friday. U.S.-listed shares of Argenx were down marginally in the premarket.
Forte Biosciences (NASDAQ:FBRX) shares climbed 39.2% in pre-market trading after argenx (NASDAQ:ARGX) announced a definitive agreement to acquire the clinical-stage biotechnology company in an all-cash transaction valued at approximately $2.2 billion. Under the terms of the agreement, argenx will pa...