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As well, Cempra could well be a buyout target after Solithera is approved by the FDA. As recently as October 1, Cempra's share price was around $26. On October 27th, at the close of trading, Cempra released its Q3 earnings; it held its earnings conference calls that afternoon and filed its 10-Q report.
NEW YORK -- Cytec Industries shares are up 26.55% to $73.89 on heavy volume in afternoon trading on Wednesday after the chemical company agreed to be acquired by rival Solvay for $5.5 billion. Brussels-based Solvay will pay Cytec shareholders $75.25 per share, a 29% premium over the company's closing price yesterday.