Relypsa Inc (RLYP) Soars On Galenica Bid

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Relypsa Inc (NDAQ:RLYP) — to be acquired by Galenica AG (VTX:GALN) for $32 per share in cash is soaring this morning up about 58 percent at the time of this writing in early morning. On the other hand shares of Galenica are down on the announcement by about 8 percent. What are the details of the deal? Here is what the sell side analysts are saying about the pharma news. Relypsa Inc (NDAQ:RLYP) bid – analysts react Cantor Fitzgerald Relypsa will be acquired by Galenica for $32 per share, a 59% premium over the last closing price. We have thought…

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