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AbbVie Close to $8 Billion Deal for Cerevel Therapeutics, Sources Say, Reuters Reports

Provided by Dow Jones

Dec 6, 2023 9:44pm

--AbbVie is close to a deal to acquire Cerevel Therapeutics Holdings for about $8 billion, Reuters reports, citing people familiar with the matter.

--AbbVie is in talks to pay around $45 a share for Cerevel, which develops drugs for neurological conditions.

--AbbVie and Cerevel didn't immediately respond to requests for comment from Reuters.

Full article at https://www.reuters.com/markets/deals/abbvie-nears-roughly-8-billion-drug-developer-cerevel-sources-2023-12-06/

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

December 06, 2023 16:44 ET (21:44 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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