AstraZeneca (AZN) announced Monday morning that it agreed to acquire Ardea Biosciences Inc. (RDEA) for $32 per share, or approximately $1.26 billion.
Ardea Biosciences gapped open dramatically higher Monday, but traded in a narrow range throughout the session. Shares finished up by 10.78 at $31.62 on the highest volume of the year. The stock surged to a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.