Tuesday, July 17, 2007

UPDATE 1-Encysive retains Morgan Stanley to review options

(Reuters) - Shares of the company on Tuesday rose almost 12 percent to
$1.89 in morning trade on the Nasdaq.




On June 25, Houston-based Encysive terminated about 150
employees, including the U.S. sales force, and named Chief
Operating Officer George Cole to replace Chief Executive Bruce
Given. The company also said it would take a related $15
million charge in 2007.


Read more at Reuters.com Mergers News

No comments: