Endo Health Rises On Report It May Put Itself Up for Sale
Endo Health Solutions Inc., (ENDP) the maker of the painkiller Lidoderm, rose the most in seven years after a report said the drugmaker may sell itself.
The shares of the Chadds Ford, Pennsylvania-based company climbed 13 percent to $32.40 at 2:46 p.m. New York time after reaching $33.32 in the highest intraday increase since June 2005. Reuters cited unidentified sources in its article.
Blaine Davis, a spokesman for Endo, didn’t immediately return a voice-mail message seeking comment about the possible sale.
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