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Forte Biosciences Shares Leap Premarket on Takeover by Argenx

Provided by Dow Jones Jul 27, 2026, 3:10:00 PM

By Colin Kellaher

Shares of Forte Biosciences surged higher in premarket trading Monday after the clinical-stage biopharmaceutical company agreed to be acquired by immunology company argenx for about $2.2 billion.

Argenx is paying $77 a share in cash for Forte, a roughly 41% premium to Friday's closing price of $54.78 for the Dallas company.

Forte shares were recently up 39% to $76.10 in premarket trading.

The deal is slated to close in the third quarter.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 27, 2026 06:10 ET (10:10 GMT)

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