Merck to Acquire Cubist Pharmaceuticals: What It Means for Mutual Fund Investors (MRK, CBST)

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Merck to Acquire Cubist Pharmaceuticals: What It Means for Mutual Fund Investors (MRK, CBST)

Shauna O'Brien

|

Merck & Company logo
Merck (MRK) announced on Monday morning that it has agreed to purchase Cubist Pharmaceuticals (CBST). Here’s what the news means for mutual funds investors.

Inside the Deal

Merck announced that it will purchase the antibiotics maker for $8.4 billion in cash. The news sent shares of Cubist Pharmaceuticals soaring over 35% on Monday morning.

Cubist focuses on drugs that treat infectious diseases, usually in a hospital setting. According to Cubist, it plans to release four new drugs by 2020. This purchase will allow MRK to continue its strategy to focus on areas including diabetes, acute hospital care, vaccines and oncology.

Mutual Funds to Watch

The funds listed below currently hold the largest stake in Cubist Pharmaceuticals. These funds may be a good alternative to buying the individual stock.
Symbol Mutual Fund Stake
PVSAX Putnam Capital Spectrum 6.16%
PYSAX Putnam Equity Spectrum 2.83%
VGHCX Vanguard Health Care 2.60%
The funds below currently have the largest stakes in Merck:
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.68%
VGHCX Vanguard Health Care 1.17%
VFINX Vanguard 500 Index 1.07%

The Bottom Line

The funds above allow investors to gain exposure to Merck and Cubist, as well as many other holdings and industries. Investors investing in health care focused mutual funds may also consider Fidelity Select Health Care Portfolio (FSPHX) and T. Rowe Price Health Sciences Fund (PRHSX).

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Merck & Company logo

Merck to Acquire Cubist Pharmaceuticals: What It Means for Mutual Fund Investors (MRK, CBST)

Shauna O'Brien

|

Merck (MRK) announced on Monday morning that it has agreed to purchase Cubist Pharmaceuticals (CBST). Here’s what the news means for mutual funds investors.

Inside the Deal

Merck announced that it will purchase the antibiotics maker for $8.4 billion in cash. The news sent shares of Cubist Pharmaceuticals soaring over 35% on Monday morning.

Cubist focuses on drugs that treat infectious diseases, usually in a hospital setting. According to Cubist, it plans to release four new drugs by 2020. This purchase will allow MRK to continue its strategy to focus on areas including diabetes, acute hospital care, vaccines and oncology.

Mutual Funds to Watch

The funds listed below currently hold the largest stake in Cubist Pharmaceuticals. These funds may be a good alternative to buying the individual stock.
Symbol Mutual Fund Stake
PVSAX Putnam Capital Spectrum 6.16%
PYSAX Putnam Equity Spectrum 2.83%
VGHCX Vanguard Health Care 2.60%
The funds below currently have the largest stakes in Merck:
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.68%
VGHCX Vanguard Health Care 1.17%
VFINX Vanguard 500 Index 1.07%

The Bottom Line

The funds above allow investors to gain exposure to Merck and Cubist, as well as many other holdings and industries. Investors investing in health care focused mutual funds may also consider Fidelity Select Health Care Portfolio (FSPHX) and T. Rowe Price Health Sciences Fund (PRHSX).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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