Lilly Announces Agreement to Acquire Dermira

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Dermira (DERM) Trades Above Deal Price on Speculation of Higher Bid

January 10, 2020 9:45 AM EST

Dermira (NASDAQ: DERM) is trading above the Eli Lilly (NYSE: LLY) deal price of $18.75 on speculation of a higher bid. Shares last traded at $19.31. Traders note there was no deal premium, no deal leaks, although shares ramped higher... More