Given Imaging report may not be accurate, says Cantor

theflyonthewall.com

After a number of media outlets reported that Given Imaging was in talks to be acquired by Fujifilm Holdings for $750M, Cantor says it's not clear whether the $750M figure is real, or simply a "ploy" meant to solicit higher bids. However, the firm thinks there is a greater than 50% chance that the company will be acquired, and it raised its target on the stock to $25 from $22 while maintaining a Buy rating.

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