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​Reports that TESARO TSRO unlikely to find buyer; AstraZeneca AZN rumors of departure of CEO

Price and Volume Movers

TESARO Inc (NASDAQ:TSRO) shares dropped sharply on the open to close down 7% to $129.13. Investors sold off shares following reports on CNBC that Tesaro is unlikely to find a buyer as it sought a sale of the company, contrary to prior reports:

"There is nothing imminent at all, the sources said. The expectation the company had in terms of price were not met by the incoming expressions of interest it got from potential bidders, according to the sources."

AstraZeneca plc (ADR) (NYSE:AZN) shares have been under pressure since late Wednesday following rumors of the departure of its CEO Pascal Soriot to Teva Pharmaceuticals (NYSE: TEVA). Rumors initially surfaced following a report made in Israeli newspaper Calcalist. As of the market close Thursday, no official word...


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