Shares of Micromet Inc. (NASDAQ: MITI) are seeing a
huge rally in trading today after the Rockville, Maryland-based company agreed
to be acquired by Amgen Inc. (NASDAQ: AMGN). Under the terms of the agreement,
Amgen will acquire Micromet for $11 per share in cash.
Micromet shares rose to a new 52-week high of $10.95
in trading today. At last check, the stock was trading more than 30% higher on
above average volume. The rally has pushed Micromet shares above their 50-day
and 200-day moving averages.
To get more information on Micromet Inc. please
click here…
