The Ticker

Merck in talks to buy Lexington's Cubist

Merck & Co. is in talks to acquire Lexington-based Cubist Pharmaceuticals Inc., a maker of antibiotics, in a deal valued at more than $7 billion, a person familiar with the matter said.

Merck would pay about $100 a share, and an agreement could be announced as early as next week, the person said. An offer in that range would represent a 
34 percent premium over Cubist's closing share price Friday.

Cubist has said it plans to introduce four new drugs by 2020 to combat bacterial infections that are resistant to other treatments because of overuse.

TUESDAY

• Commerce Department releases wholesale trade inventories for October.
• Labor Department releases job openings and labor turnover survey for October.

L The Institute of Contemporary Art/Boston has announced the appointment of Eva Respini, left, as Barbara Lee Chief Curator. Respini is currently curator in the Department of Photography at The Museum of Modern Art, where she organized the critically acclaimed retrospectives of Cindy Sherman and Robert Heinecken. She will assume her new position at the ICA in March 2015.

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