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Benzinga
Benzinga
Business
Adam Eckert

Why Zogenix Shares Are Soaring Today

Zogenix Inc (NASDAQ:ZGNX) is trading significantly higher Wednesday morning after the company announced it received a proposal to be acquired by UCB for approximately $1.9 billion.

Under terms of the agreement, UCB will offer to purchase all outstanding shares of Zogenix for $26 per share in cash at closing.

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