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Cerevel Therapeutics Advances in Merger Amid FTC Review
Company Announcements

Cerevel Therapeutics Advances in Merger Amid FTC Review

Cerevel Therapeutics Holdings (CERE) has released an update.

Cerevel Therapeutics Holdings, Inc. successfully held a special stockholders’ meeting to vote on a merger with AbbVie Inc., receiving overwhelming approval with a high stockholder turnout. Additionally, the company is addressing a request from the FTC for more information, which extends the antitrust review period. Despite this, Cerevel remains optimistic about completing the merger by mid-2024, pending regulatory approval and fulfillment of other conditions.

For further insights into CERE stock, check out TipRanks’ Stock Analysis page.

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