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Avanir Pharmaceuticals, Inc. Message Board

  • placesontherun37 placesontherun37 Jul 13, 2013 4:18 AM Flag

    ALXN News...Roche On The Prowl....When Will It Be AVNR's Turn?

    Shares of Alexion Pharmaceuticals (ALXN) were briefly halted this afternoon on takeover news, but they are now back to trading again, and are up more than 23%.

    The spike started with a report from Bloomberg, that Roche (RHHBY), up 0.6% at recent check, was seeking financing to ink a potential takeover of Alexion. The Bloomberg story cited people close to the situation who say the two companies have been in contact for months, but that there is no guarantee that the deal will happen.

    Elsewhere, Illumina (ILMN) was falling more than 2% on the news, as Roche had previously been thought as a potential buyer of the firm.

    Alexion raced past its previous 52-week high, achieved on October 5, to a recent $124.90.

    Sentiment: Strong Buy

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AVNR
5.66-0.07(-1.22%)Aug 21 4:00 PMEDT

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