Market Overview

Adolor Shares Jump In Pre-Market On Acquisition News

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Shares of Adolor Corporation (NASDAQ: ADLR) jumped about 131% in pre-market trading after Cubist Pharmaceuticals Inc (NASDAQ: CBST) announced its plans to acquire all of the outstanding shares of Adolor for $4.25 per share in cash.

ADLR shares jumped 131.77% to $4.45 in the pre-market session. CBST shares closed at $40.38 on Friday.

Posted-In: merger and acquisitionNews M&A Pre-Market Outlook

 

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