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Fly News Breaks for May 31, 2016
JAZZ, CPXX
May 31, 2016 | 09:21 EDT
Roth Capital analyst Joseph Pantginis downgraded Celator Pharmaceuticals (CPXX) to Neutral after Jazz Pharmaceuticals (JAZZ) announced the acquisition of the company for $30.25 per share. The transaction should close in Q3 and major holders have already agreed to tender their shares, the analyst tells investors in a research note. He raised his price target for Celator to $30.25 from $26.
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