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home / news releases / RCUS - Arcus Biosciences: Did Gilead Sciences overpay for its latest investment?

RCUS - Arcus Biosciences: Did Gilead Sciences overpay for its latest investment?

Arcus Biosciences Inc.

2024-01-30 13:18:21 ET

Earlier this week, Gilead Sciences ( NASDAQ: GILD ) raised its stake in Arcus Arcus Biosciences ( NYSE: RCUS ) to 33% from ~20% by making an additional equity investment of ~$320 million. The new share purchase came priced $21/share, compared to the $15.49 that RCUS shares were trading at on the open market during Tuesday's midday action....

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Arcus Biosciences: Did Gilead Sciences overpay for its latest investment?
Stock Information
Company Name: Arcus Biosciences Inc.
Stock Symbol: RCUS
Market: NYSE
Website: arcusbio.com
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