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BTIG Downgrades Relypsa, Inc. (RLYP) to Neutral

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Wedbush Downgrades Relypsa, Inc. (RLYP) to Neutral as Deal Nears Close

September 1, 2016 1:36 PM EDT

Wedbush downgraded Relypsa, Inc. (NASDAQ: RLYP) from Outperform to Neutral with a price target of $32.00.

Anslyst Liana Moussatos said time has run out for a second bidder. They anticipate completion of Galenica's acquisition of Relypsa shortly.

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Galenica Announces 85.6% of Relypsa (RLYP) Shares Have Been Tendered

September 1, 2016 9:02 AM EDT

Galenica Group today announced that its tender offer to purchase the outstanding shares of common stock of Relypsa, Inc., (NASDAQ: RLYP) at USD 32.00 per share, net to the seller in cash, without interest and less any applicable withholding taxes, expired at 12:00 midnight New York time, at the end of the day on Wednesday, August 31, 2016. The tender offer was effected by... More