Why AtaiBeckley Stock Soared Today
Yahoo Finance ·
Shares of AtaiBeckley ( ATAI +33.40% ) surged on Thursday after the mental health-focused biotechnology company agreed to be acquired by pharmaceutical giant Eli Lilly ( LLY +1.38% ) . Under the terms of the deal, Lilly will purchase AtaiBeckley for $6.75 per share in cash. The healthcare leader will also pay up to $2.50 per share in additional milestone payments if certain development and regulatory goals are achieved. AtaiBeckley's stock price closed at $5.36 on Wednesday.
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