Given Imaging shifts focus, falls

Investor's Business Daily

Given Imaging (GIVN) tumbled 11.5% to 16.10 after it said it's no longer considering selling itself or merging with another company. Instead, the company said, it will consider acquisitions and alliances. The Israeli medical devices maker, known for its camera-in-a-pill endoscopy products, also said holding company Discount Investment is considering sale of its 45.5% controlling stake. In Oct., Given Imaging said it was evaluating a merger or sale of the company after several parties expressed interest.

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