Delaware judge does not see current need for court in Metsera bidding war between Pfizer and Novo (updated)

Metsera

04/11/2025 16:45

Adds judge's comments

WILMINGTON, Del., Nov 4 (Reuters) - There is currently no need for a court to grant Pfizer's PFE.N request to get involved in its bidding war with Novo Nordisk NOVOb.CO for Metsera MTSR.O , a Delaware judge said at an emergency hearing on Tuesday.

However, Vice Chancellor Morgan Zurn of Delaware's Court of Chancery scheduled a hearing for 3:15 p.m. EST on Wednesday to review the process, which has led to a $10 billion bid for Metsera from Novo Nordisk, topping Pfizer's amended $8.1 billion offer.

Pfizer has until the close of business on Wednesday to top Novo Nordisk's latest bid.

(Reporting by Tom Hals in Wilmington, Delaware)

((thomas.hals@thomsonreuters.com; 610-544-2712))