Shares of Cubist Pharmaceuticals Inc. (Nasdaq: CBST) surged $3.52 to close at $19.45 over rumors that Novartis AG (NYSE: NVS) may be interested in acquiring the company. Novartis stock eased 82 cents to close at $37.51.
Novartis Rumored To Be Interested In Cubist
April 03, 2009 at 16:59 PM EDT
