Thu, Aug 21, 2014, 5:46 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

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

    SortNewest  |  Oldest  |  Most Replied Expand all replies
5.66-0.07(-1.22%)Aug 21 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.