MorphoSys Set to Delist Following Acquisition by Novartis-June 2024-www.financetom.com

MorphoSys Set to Delist Following Acquisition by Novartis

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MorphoSys Set to Delist Following Acquisition by Novartis

Jun 20, 2024 1:28 AM

04:07 AM EDT, 06/20/2024 (MT Newswires) -- MorphoSys ( MOR ) said early Thursday it entered into a delisting agreement following the closing of its acquisition by Novartis ( NVS ) in May.

The companies intend to merge MorphoSys ( MOR ) into Novartis ( NVS ) by "initiating a squeeze-out of MorphoSys' ( MOR ) minority shareholders."

As of June 20, Novartis ( NVS ) holds about 91% of MorphoSys ( MOR ) total share capital.

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