Cephalon (CEPH) Shares Resume Trading $4 Over Valeant's (VRX) $73/Share Bid
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Clarification on resumption of Cephalon (Nasdaq: CEPH) trading: some quotes showed the stock had jumped around 23-25% last night just after the news hit wires, but before the stock was halted. Shares jumped another 8% upon resumption this morning; CEPH shares are now up about 31% from yesterday's closing price of $58.75.
With the stock last trading around $77.15, the price is about $4 over the $73 per share Valeant (NYSE: VRX) bid.
With the stock last trading around $77.15, the price is about $4 over the $73 per share Valeant (NYSE: VRX) bid.
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