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home / news releases / AVRO - Avrobio jumps amid speculation of takeover interest

AVRO - Avrobio jumps amid speculation of takeover interest

AVROBIO Inc.

  • Avrobio Inc. ( NASDAQ: AVRO ) soared 23% amid a report that the company is exploring a possible sale after an approach from Novartis ( NVS ).
  • A takeover for the company may be valued at more than quadruple its market price before it popped on the takeover speculation, according to a Street Insider report , which cited an unidentified source. Avrobio ( AVRO ) is said to be working with Cowen and Wells Fargo on a potential sale.
  • AVRO hadn't responded to a Street Insider request for comment and Novartis ( NVS ) doesn't comment on market rumors and speculation.
  • Novartis ( NVS ) reported Q4 results a week ago.

For further details see:

Avrobio jumps amid speculation of takeover interest
Stock Information
Company Name: AVROBIO Inc.
Stock Symbol: AVRO
Market: NASDAQ
Website: avrobio.com
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