By Colin KellaherShares of Seagen Inc. jumped 10% on Friday after The Wall Street Journal reported that Merck & Co. is considering a takeover of the biotechnology company. The Journal, citing people familiar with the matter, said talks have been underway for a while but that a deal isn't imminent. Other unnamed suitors are also eying the company, The Journal reported. Seagen shares were recently changing hands at $161.79, up 10%, while Merck shares edged up 0.4% to $85.19. Write to Colin Kellaher at colin.kellaher@wsj.com(END) Dow Jones NewswiresJune 17, 2022 10:51 ET (14:51 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal June 17, 2022 15:05 UTC