Options / Finance

Akorn Shares Keep Moving Higher As Acquisition Rumored To Be 'Imminent'

From Options
April 19, 2017 - 1:58pm
Akorn, Inc. (NASDAQ: AKRX) shares are drifting higher by 0.27 percent (about $0.10 per share) Wednesday after jumping 3.2 percent Tuesday following a report the company was on the verge of a buyout deal. Akorn shares jumped more than 3 percent in a matter of minutes on Tuesday afternoon after StreetInsider.com reported a buyout by pharmaceutical company Frensius Kabi, a subsidiary of Frensius Medical Care AG & Co. (ADR) (NYSE: FMS), was "imminent." Related Link: There Was An Unusual Options Trade Prior ...Full story available on Benzinga.com

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