Dendreon (DNDN) Higher On Renewed Takeover Talk
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Shares of Dendreon Corp. (Nasdaq: DNDN) are jumping higher on healthy volume today on resurfaced rumors the company could be the target of a takeover bid. At noon, shares are up over 8% and volume is twice normal already.
Takeover talk has been swirling around Dendreon since April when the company announced that its Phase III trial of Provenge met its primary endpoint.
In July, it was reported that Dendreon retained JP Morgan as financial advisor, but at that point it was thought the appointment was more likely to be related to a partnership deal as opposed to any near-term M&A.
Takeover talk has been swirling around Dendreon since April when the company announced that its Phase III trial of Provenge met its primary endpoint.
In July, it was reported that Dendreon retained JP Morgan as financial advisor, but at that point it was thought the appointment was more likely to be related to a partnership deal as opposed to any near-term M&A.
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