Biota Falls Most in Eight Months on Merger with Nabi

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Biota Falls Most in Eight Months on Merger with Nabi

BOTA PJC

Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - April 23, 12:10AM from (www.bloomberg.com)

Biota Holdings Ltd. (BTA), an Australian company that earns royalties on influenza drugs, slumped in Sydney trading after agreeing to merge with Nabi Biopharmaceuticals (NABI) to gain access to the Nasdaq market.
Biota fell as much as 9.5 percent, the biggest decline on an intraday basis since Aug. ...

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