Merck completes acquisition of Terns Pharmaceuticals for $53 a share

PUBT·05/05/2026 12:45:52

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Merck completed acquisition of Terns Pharmaceuticals via $53 per share all-cash tender offer followed by a merger, making Terns a wholly owned subsidiary.
At tender expiration late May 4, 2026, 100,091,794 shares were tendered, representing 86.36% of outstanding stock.
Terns shares will stop trading on Nasdaq.
Merck expects a roughly $5.8 billion research and development expense charge in 2026, equal to about $2.35 per share.
2026 EPS expected to take an additional roughly $0.12 per share hit tied to advancing TERN-701 and financing costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Merck & Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260505216715) on May 05, 2026, and is solely responsible for the information contained therein.

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