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Macrocure (MCUR) Shares Ramp Upon Resumption of Trading

August 29, 2016 9:22 AM EDT

Macrocure (NASDAQ: MCUR) shares are up over 100 percent following resumption of trading on Monday morning. The company and Leap Therapeutics announced entering a merger agreement earlier.

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Macrocure (MCUR) will resume trading at 9:15am ET

August 29, 2016 9:05 AM EDT

Macrocure (NASDAQ: MCUR) will resume trading at 9:15am EDT.

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Leap Therapeutics Enters Agreement to Acquire Macrocure (MCUR)

August 29, 2016 8:53 AM EDT

Leap Therapeutics, Inc. and Macrocure Ltd. (Nasdaq: MCUR) announced the signing of a definitive merger agreement. Under the terms of the agreement, Macrocure will become a wholly owned subsidiary of Leap, and Leap will become a public company. In connection with the transaction, Leap will apply to have the shares of the combined entity listed for trading on NASDAQ upon completion of the merger.

Under the terms of the agreement, Macrocure shareholders will exchange their Macrocure shares for newly issued shares of Leap common stock. In addition, existing Leap investors, including entities affiliated... More