BUZZ-Evotec slumps as Halozyme withdraws buyout offer

Reuters

2024/11/22

** Evotec's EVTG.DE shares drop around 16% in volume spike after biotech company Halozyme HALO.O said it withdrew its offer to acquire the German drug development company

** If losses hold Evotec's shares will see their worst day since July; about 1.5 million shares changed hands so far today, around 63% of their 30-day moving average full-day volume

** The stock falls to the bottom of Germany's small-cap index .SDAXI

(Reporting by Tristan Veyet)

((Tristan.chabba@thomsonreuters.com))

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