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Abraxis Bioscience Inc
ABII shares made a new high of $75.07, before slipping to $74.93, reflecting a gain of 0.17%. Within 24 hours of Celgene announcing its $2.9 billion offer for ABII, an investor has filed a lawsuit against Abraxis, alleging breach of fiduciary duty by some board of directors.
ADC Telecommunications, Inc
ADCT shares reached $12.52 to create a new 52-week high, before slipping marginally to $12.51, reflecting a 41.36% gain. Tyco Electronics
TEL is acquiring ADCT for $12.75 per share.
Broadcom Corporation
BRCM shares added 1% to reach a new high of $37.31. BRCM’s subsidiary, Broadcom International Ltd, has declared that its offer for Innovision Research & Technology PLC is wholly unconditional.
eResearch Technology
ERES shares moved up 1.60% to create a new 52-week high of $41.97. Benchmark today initiated coverage on ERES with a “hold” rating.
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from Benzinga's Markets.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: Long IdeasNewsInitiationIntraday UpdateMarketsAnalyst RatingsMoversTrading Ideas52-Week HighsBenchmarkBiotechnologyCommunications EquipmentElectronic Manufacturing ServicesHealth CareInformation TechnologyLife Sciences Tools & ServicesSemiconductors
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