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Thursday, January 09, 2020

Equity Corporate Actions Alert #2020 - 6
(UPDATED-Merger Closed) Information Regarding the Tender Offer for the Shares of ArQule, Inc. (ARQL)

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  • Industry Announcement

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The tender offer by Argon Merger Sub, Inc. a wholly owned subsidiary of Merck Sharp & Dohme Corp. to acquire all of the outstanding common stock of ArQule, Inc. (ARQL) expired at one minute after 11:59 p.m. ET on Wednesday, January 15, 2020. The subsequent acquisition of ArQule, Inc. closed prior to the open of trading on Thursday, January 16, 2020. In anticipation of the closing, the common stock of ArQule, Inc. was halted immediately following the after-hours session at 8 p.m. on January 15, 2020. The stock will remain halted on the day of closing (January 16th) and will be suspended effective January 17, 2020. The details are as follows:

Company: ArQule, Inc.
Issue: Common Stock
CUSIP#: 04269E107
Symbol: ARQL
Last Trading Date: January 15, 2020
Marketplace Effective Date for Suspension: January 17, 2020
Merger Consideration: $20.00 in cash for each share held.

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