Delaware judge does not see current need for court in Metsera bidding war between Pfizer and Novo
Tweet
Share
E-mail
FILE PHOTO: Novo Nordisk flags flutter outside their office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, July 14, 2025. REUTERS/Tom Little/File Photo
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla Q2 deliveries crush forecasts at 480,126, erasing backlog concerns
- Euro zone services sector contraction eased in June as inflation cooled sharply, PMI shows
- US withdrew forces from Nigeria after operation against ISIS, AFRICOM chief says
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
