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BioMarin Pharmaceutical (NASDAQ:BMRN) +4.8% premarket on rumors that Glaxo (NYSE:GSK) is in...

Jun. 12, 2012 9:07 AM ETBioMarin Pharmaceutical Inc. (BMRN) StockBMRN, GSK, SHPG, SHPGFBy: Carl Surran, SA News Editor
BioMarin Pharmaceutical (NASDAQ:BMRN) +4.8% premarket on rumors that Glaxo (NYSE:GSK) is in advanced discussions toward a $5B buyout of BMRN. Last week, Shire (SHPGY, OTCPK:SHPGF) also was said to be stalking the company. Glaxo is already engaged in a hostile $2.6B takeover bid for Human Genome Sciences.

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