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mlkrborn

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mlkrborn

Re: mlkrborn post# 38

Monday, 09/20/2010 6:16:50 PM

Monday, September 20, 2010 6:16:50 PM

Post# of 39
Endo Pharmaceuticals Completes Tender Offer for 30M Shares of Penwest Pharmaceuticals (ENDP,PPCO)
Monday September 20, 2010 16:58:24 EDT
Sep 20, 2010 (SmarTrend News Watch via COMTEX News Network) --

9/20/2010- West Acquisition Corp., a subsidiary of Endo Pharmaceuticals (NASDAQ:ENDP) completed the tender offer for all outstanding shares of Penwest Pharmaceuticals (NASDAQ:PPCO).

Approximately 30,810,778 shares, or 82.80 percent of Penwest, were tendered.

Endo Pharmaceuticals closed 0.20 percent lower at $29.55. Penwest closed 0.20 percent lower at $4.98.

SmarTrend is bullish on shares of Penwest Pharmaceuticals and our subscribers were alerted to buy on May 07, 2010 at $3.34. The stock has risen 49.1% since the alert was issued.
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