ZGNX - Jazz Pharmaceuticals looked at GW deal for `quite some time' CNBC says
Jazz Pharmaceuticals (JAZZ) has been talking to GW Pharmaceuticals (GWPH) for "a bit" of time before deal announced today, CNBC's David Faber said."They've looked at this deal for quite some time is my understanding, been talking for a bit," Faber said. "Unclear whether there was any sort of auction. Given the price ... it's not as though someone else is expected to step in here."GWPH up 47%, while JAZZ gains 1.3% after earlier dropping in premarket trading.Earlier, Zogenix (ZGNX) jumps on positive read through from GW Pharma/Jazz deal.
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Jazz Pharmaceuticals looked at GW deal for `quite some time,' CNBC says