Human Genome Returning 13% With Bet On Glaxo Sweetener

Human Genome, which makes treatments for lupus and diabetes, has traded above Glaxo’s $13-a-share bid every day since it was rejected in April, according to data compiled by Bloomberg. After less than 1 percent of investors tendered their shares before Glaxo extended the offer last week, the stock closed at $13.29 yesterday, signaling traders who profit from acquisitions still expect the U.K. drugmaker to boost the price.

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