WILMINGTON, Del. (Reuters) -There is currently no need for a court to grant Pfizer’s request to get involved in its bidding war with Novo Nordisk for Metsera , a Delaware judge said at an emergency hearing on Tuesday. However, Vice Chancellor Morgan Zurn of Delaware’s Court of Chancery scheduled a hearing for 3:15 p.m. EST […]
Health
Delaware judge does not see current need for court in Metsera bidding war between Pfizer and Novo
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WILMINGTON, Del. (Reuters) -There is currently no need for a court to grant Pfizer’s request to get involved in its bidding war with Novo Nordisk for Metsera , a Delaware judge said at an emergency hearing on Tuesday.
However, Vice Chancellor Morgan Zurn of Delaware’s Court of Chancery scheduled a hearing for 3:15 p.m. EST on Wednesday to review the process, which has led to a $10 billion bid for Metsera from Novo Nordisk, topping Pfizer’s amended $8.1 billion offer.
Pfizer has until the close of business on Wednesday to top Novo Nordisk’s latest bid.
(Reporting by Tom Hals in Wilmington, Delaware)