Celgene Rallies Of Possible Interest From Merck

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Celgene Corp
CELG
shares are trading higher by $2 at $107.11 in Thursday's session. The catalyst for the rally is unconfirmed market chatter of Merck
MRK
making offer an offer for the biotech company. The issue, which has been higher in three of four previous sessions has rallied from May 19 close ($99.94) to as high as $107.40 in toiday's session and is not far off that level. That marks the highest level for the issue since it peaked on April 29 at $108.34.
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