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Shares of Exelixis (EXEL -13%) were hammered today after the biotech firm announced plans to...

  • Monday, August 6, 2012, 4:02 PM ET
    Shares of Exelixis (EXEL -13%) were hammered today after the biotech firm announced plans to hold back-to-back public offerings. It plans to offer, subject to market conditions, 20M common shares and an aggregate $225M of convertible senior subordinated notes due in 2019.
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