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ARTICLE | Financial News

Protherics gains on talk of acquisition

August 15, 2008 12:12 AM UTC

Protherics (LSE:PTI; NASDAQ:PTIL) gained 16.75p (44%) to 55p on Thursday after issuing a statement late Wednesday confirming that it has received "approaches from a number of parties" interested in acquiring the company. The stock gained 22% to 38.25p on acquisition rumors on Wednesday. On NASDAQ, the stock rose $3.45 (65%) to $8.75 on Wednesday after the statement was issued. It was up a further $1.25 (14%) to $10 on Thursday. Protherics said its board is considering the approaches. ...