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Form 8-K · Current Report · Filed 2025-10-30

Metsera Declares Novo Nordisk Proposal as Superior Company Proposal

On October 29, 2025, Metsera, Inc.'s Board of Directors declared an unsolicited proposal from Novo Nordisk A/S as a 'Superior Company Proposal' under its Merger Agreement with Pfizer Inc.

Filer
MTSR MTSR
Filed
Accession
0001193125-25-257435
CIK
0002040807
Signal
Low impact

Details

The Novo Nordisk Proposal values Metsera at up to $77.75 per share, a total of approximately $9.1 billion. This triggers a negotiation period for Pfizer to adjust the terms of the Pfizer Merger Agreement. Metsera shareholders do not need to take any action at this time. The Pfizer Merger Agreement remains in effect.

Items reported

Item 8.01

Other Events

Corporate Update

Market reaction

Close before filing

$52.21

Next session

+20.7%

Since filing

+35.0%

Latest close

$70.50

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MTSR reporting the same item, with the next session's move:

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