Merck closes on $2.7B acquisition of ArQule

Merck has wrapped up its $2.7 billion acquisition of ArQule Inc., it announced Thursday.

Kenilworth-based Merck paid $20 in cash for each common share of the Burlington, Massachusetts-based biopharmaceutical company in a deal that was first announced in December.

ArQule has become a wholly owned subsidiary of Merck with the completion of the deal.

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