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The Biggest Biotech Gets Even Bigger

This massive acquisition just made Amgen even bigger, and the market liked the news.

By Alison Southwick – Aug 26, 2013 at 5:47PM EST

The following video is from Monday's Investor Beat, in which host Alison Southwick and Motley Fool analysts Matt Koppenheffer and Matt Argersinger dissect the hardest-hitting investing stories of the day.

Biotech giant Amgen (AMGN 0.71%) announced today that it's acquiring Onyx Pharmaceuticals (NASDAQ: ONXX) for $10.4 billion. In our lead story on Investor Beat, our two Matts discuss the acquisition and look at whether M&A in general is good news for investors.

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About the Author

Alison Southwick
Alison joined The Motley Fool in 2013 as the Grand Poobah of PR. She has since served in many different roles and is always happy to go where her skills are needed most. She is currently kept busy on the Motley Fool Money podcast, crafting premium content for members, and even behind the scenes handling corporate communications, pondering brand strategy, and much more.
TMFAlison

Stocks Mentioned

Amgen Stock Quote
Amgen
NASDAQ: AMGN
$347.45
(-0.71%)-$2.47
Dow Jones Industrial Average Stock Quote
Dow Jones Industrial Average
DJINDICES: ^DJI
$45,577.47
(-0.96%)-$443.96

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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