Deals
Drugmaker Medicines Co. Is Said to Explore a Sale
- Shares surge as much as 14%, biggest gain since August
- Companys said to have reached out to potential buyers
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Medicines Co., a drugmaker with a market value of more than $2 billion, is exploring selling itself, according to people familiar with the matter.
The company is working with advisers and has reached out to potential buyers, said the people, who asked not to be identified because the matter isn’t public. Shares jumped 11 percent to $35.09 at 10:35 a.m. in New York.