Exact Sciences rise after report Abbott is weighing takeover of co

Abbott Laboratories

19/11/2025 19:08

** Shares of cancer test maker Exact Sciences Corp EXAS.O rise 22.6% to $85.43 in afternoon trade

** Abbott Laboratories ABT.N is nearing a potential takeover of Exact Sciences, Bloomberg News reports, citing people familiar with the matter

** Abbott's shares were down 2.7% at $126.47

** The deal could be announced in the coming days and deliberations are ongoing, which could still be delayed or falter, the report added

** Including session's moves, stock up 53.4% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))