Cypress Bioscience Inc (CYPB)

[mlkrborn]

Sept. 15, 2010, 8:45 a.m. EDT ·
Cypress Bioscience rises 13% on upped buyout offer






NEW YORK (MarketWatch) -- Cypress Bioscience (CYPB 3.85, +0.34, +9.69%) rose 12.5% to $3.95 a share in pre-market trades on Wednesday. The move came after Ramius Value and Opportunity Advisors offered to buy the company for $4.25 a share in cash. Ramius raised its July 16 offer of $4 a share after Cypress rejected it.