Why Is Deciphera Pharmaceuticals (DCPH) Stock Up 72% Today?

Deciphera Pharmaceuticals (NASDAQ:DCPH) stock is rising higher on Monday after signing a $2.4 billion acquisition agreement with ONO Pharmaceutical.This deal has ONO Pharmaceutical acquiring Deciphera Pharmaceuticals for $25.60 per share in cash. The company will do so through a tender offer for DCPH shares. That will see Deciphera Pharmaceuticals merge with a wholly-owned subsidiary of ONO Pharmaceutical.The offer for DCPH stock represents a 74.7% premium over its prior closing price on Friday. It’s also a ...