Verona Pharma ADR

Verona Pharma shareholders authorized Merck’s $10 billion takeover at $107 per American Depositary Share, with completion expected after a High Court hearing on October 7. Nasdaq trading in Verona Pharma shares will be suspended on the same day and the deadline for depositary share payments is October 8. The approval follows encouraging Phase 3 ENHANCE results for Verona Pharma’s COPD drug Ohtuvayre, noted as the first novel inhaled COPD mechanism in over two decades. » More on finance.yahoo.com

Verona Pharma’s ADRs rose to a record high of 106.45 USD, giving the company a market capitalization of around 9.17 billion USD. Merck plans to acquire the company at 107 USD per ADS as part of a transaction worth about 10 billion USD, expected to close in the fourth quarter of 2025 and to be financed with investment-grade bonds. Analysts subsequently adjusted valuations and cut several ratings on Verona Pharma, while the stock shows a one-year return of roughly 257% and a high liquidity ratio (Current Ratio 10.71). » More on de.investing.com

The ADRs of Verona Pharma rose to an all-time high of $105.86, driven by strong price performance (up 306.73% in 12 months) and solid financial metrics. Merck has announced it will acquire Verona for $107 per ADS in a roughly $10 billion transaction, expected to close in Q4 2025. Several analysts adjusted their ratings on Verona after the takeover announcement—some downgraded the stock, while TD Cowen raised its price target to $107. » More on de.investing.com