Fund my Mutual Fund - Jan 14, 2009Sequenom, Inc. (SQNM)
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Kevin DeGeeter
at
Oppenheimer & Company-- meaning the company may choose to walk away. Late Monday, the board of Exact Sciences rejected
Sequenom's offer of $41 million, or $1.50 per share, because it was pursuing an alternative that is more valuable. Earlier in the day, however, analysts appeared to doubt that idea.
Oppenheimer analyst Kevin DeGeeter said the company is reporting minimal sales. -- it reported negative $700,000 in revenue during the third quarter.
Share:
-- meaning the company may choose to walk away. Late Monday, the board of Exact Sciences rejected <span class="company">Sequenom</span>'s offer of $41 million, or $1.50 per share, because it was pursuing an alternative that is more valuable. Earlier in the day, however, analysts appeared to doubt that idea. <span class="sent"> Oppenheimer analyst <span class="analyst">Kevin DeGeeter</span> said the company is reporting minimal sales. </span> -- it reported negative $700,000 in revenue during the third quarter.
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