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Option Care(OPTN Quote) skyrocketed Monday on merger news as a few other health stocks recorded smaller gains from scattered news during a flat-to-green session.
Walgreen(WAG Quote) will pay $19.50 a share, or some $850 million total, for Option Care, a specialty pharmacy-services company based in Buffalo Grove, Ill. Option Care bolted $3.84, or 25%, to $19.24. Walgreen was up 17 cents, or 0.4%, to $43.70.
Small-cap bio-nanotech company pSivida(PSDV Quote) took off in the opposite direction after announcing that it entered an agreement for a direct offering to sell its Nasdaq-traded American Depositary Shares and warrants to purchase ADSs, including $6.5 million, to Pfizer(PFE Quote). ...
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