US Stock Movement | Revolution plunges 23% pre-market as Merck reportedly ends acquisition talks
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Gelonghui, January 26|According to sources, Merck has halted acquisition talks with biotechnology company Revolution Medicines due to the two parties' failure to reach an agreement on the purchase price. The report stated that the deal could have valued Revolution Medicines at around $30 billions. The report also added that negotiations could resume in the future, or other bidders may emerge.
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