Axogen (AXGN) is exploring a possible sale after being approached about a takeover from a strategic buyer at $18 per share, a source told Street Insider. The company is working with investment bankers at Centerview to potentially solicit other interested parties, according to the report. Axogen shares are up 89c, or 6%, to $13.88 following the report.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXGN: