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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday April 21, 2016
Blackstone Said to Consider Buyout of ConcordiaThe Rumor:
Blackstone Group LP
BX is considering a bid for Concordia Healthcare Corp.,
CXRX, according to sources as reported by
Bloomberg on Thursday. The two sides are in talks regarding a potential
deal, the sources said, but a deal may not happen.
Concordia closed at $30.50 on Thursday, up 25%.
CombiMatrix Announced it's Exploring Strategic AlternativesThe Strategic Review:
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CombiMatrix Corporation
CBMX announced Thursday, it has begun to explore strategic options, including M&A and business development opportunities. CombiMatrix has hired Torreya Capital, a division
of the Financial West Investment Group, Inc. as an advisor on the process.
CombiMatrix said it may consider and acquisition of a company or technology, or help "another entity enhance its offering by leveraging our expertise and infrastructure."
CombiMatrix closed at $3.31 on Thursday, down 3.5%.
Allergan Acquires Topkine Therapeutics for Upfront Payment of $85MThe Deal:
Allergan plc
AGN announced Thursday, that it has acquired clinical-stage biotechnology company, Topokine Therapeutics for an upfront payment of $85 million. There will also be success-based development and sales milestones for XAF5, a treatment for steatoblepharon, or undereye bags.
Allergan closed at $227.49 on Thursday, down $0.45.
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