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Merger activity increased last week with one new deal announced, three deals closing and two deals called off.
While two terminated deals in one week is a lot, the news was not all bad as one of those terminations was because the company received a better offer. Just when we thought the bidding war for Tetraphase Pharmaceuticals (TTPH) had come to an end, there was a new offer by Melinta Therapeutics and AcelRx Pharmaceuticals (ACRX) announced that it did not intend to revise further its offer for Tetraphase. Yatra Online (YTRA) filed litigation in the