CNBC reported that Baxalta Inc. (NYSE: BXLT) offered to acquire Ariad Pharmaceuticals Inc. (Nasdaq: ARIA). Shares of Baxalta dropped $1.18 to close at $35.25 while Ariad stock leaped $2.91 to close at $9.89.
Baxalta offers to buy Ariad
August 28, 2015 at 17:40 PM EDT