Baird Downgrades Synageva BioPharma (GEVA) to Neutral

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Nomura Securities Downgrades Synageva BioPharma (GEVA) to Neutral Amid Takeover

May 7, 2015 8:54 AM EDT

Nomura Securities downgraded Synageva BioPharma (NASDAQ: GEVA) from Buy to Neutral with a price target of $230.00 following the takeover deal.

For an analyst ratings summary and ratings history on Synageva BioPharma click here. For more ratings news on Synageva BioPharma click here.

Shares of Synageva BioPharma closed at $203.39 yesterday.

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Canaccord Genuity Downgrades Synageva BioPharma (GEVA) to Hold

May 7, 2015 7:00 AM EDT

Canaccord Genuity downgraded Synageva BioPharma (NASDAQ: GEVA) from Buy to Hold.

For an analyst ratings summary and ratings history on Synageva BioPharma click here. For more ratings news on Synageva BioPharma click here.

Shares of Synageva BioPharma closed at $203.39 yesterday.

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Alexion Pharma (ALXN) to Acquire Synageva BioPharma (GEVA) for $230/Share

May 6, 2015 6:40 AM EDT

Alexion Pharma (NASDAQ: ALXN) and Synageva BioPharma Corp. (Nasdaq: GEVA) announced that they have entered into a definitive agreement pursuant to which Alexion will acquire Synageva for consideration of $115 in cash and 0.6581 Alexion shares, for each share of Synageva, implying a total per share value of $230 based on the nine day volume-weighted average closing price of Alexion stock through May 5, 2015. The acquisition strengthens Alexions global leadership in developing and commercializing transformative therapies for patients with devastating and rare diseases.

The transaction has been unanimously approved by both... More