Northstar Neuroscience (NSTR) Rejects Takeover Offer from Tang Capital

July 8, 2008 9:08 AM EDT

Northstar Neuroscience, Inc., (NASDAQ: NSTR) said its Board of Directors has reviewed the proposal from Tang Capital Partners to enter into negotiations to acquire Northstar for $2.25 per share and concluded that the proposal is not in the best interests of all shareholders.


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