Tesaro stock rebounds on takeout report

Tesaro Inc. (NASDAQ:TSRO) declined to comment on a report of a potential sale that drove the company's stock up $8.37 (31%) to $34.96 on Friday.

Tesaro has engaged advisers to explore a sale after receiving takeout interest, and its advisers have begun contacting other potential buyers, according to a report in Bloomberg that cited undisclosed sources familiar with the matter. ...