Home Options Trading Advantage Options – Shares of Akorn Inc Hammered on Delayed Fresenius...

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Shares of Akorn Inc (AKRX) were hammered in trading on Tuesday after it was reported that the CEO of Fresenius expects review of the AKRX deal by the US FTC is not likely to be completed by year end. AKRX rose earlier this month after Fresenius defended the proposed buyout, but now that completion timing cannot be confirmed traders have become more unsettled. AKRX shares traded down as low as 31.77 before settling at $32.30, down -3.29%. Keep an eye on AKRX as this story is still developing.  

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