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Stock impact report

Shares of Dynamax Are Up Nearly 40% Today. Here's Why The Stock Is Flying [Yahoo! Finance]

Dynavax Technologies Corporation (DVAX) 
Last dynavax technologies corporation earnings: 3/11 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.dynavax.com
Company Research Source: Yahoo! Finance
The deal will pay Dynavax investors $15.50 per share, a 39% premium from Tuesday's closing price. Shares of Dynavax Technologies ( DVAX ) skyrocketed after French drugmaker Sanofi ( SNY ) said it would buy the biopharmaceutical firm for $2.2 billion to expand its Hepatitis B offerings and enter the shingles vaccine market. Sanofi said it would be paying Dynavax investors $15.50 per share in cash, a 39% premium to its closing price yesterday. Dynavax shares were recently trading just a few cents below Sanofi's price for its shares. The transaction is expected to close in the first quarter of next year. One strategy of drug-development investors is to buy shares of companies they think are candidates for a buyout by bigger companies who either think they can help their products find larger markets, or believe their developmental treatments will soon prove more valuable as they move through testing. Dynavax currently has regulatory approval for its Heplisav-B Hepatitis B shot, a Show less Read more
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