Taisho Pharmaceutical Shares Surge on Management Buyout Offer

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Nov. 28, 2023 11:17 pm ET

Taisho Pharmaceutical shares surged for a third straight session on Wednesday after the Japanese drugmaker’s management offered to buy out the company.

Shares were recently 15% higher at 8,699 yen ($58.99) after earlier touching Y8,727, the highest intraday level since July 2019. Shares have risen 57% since last Friday after market close, when the offer was announced.

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