at MarketWatch.com (Jul 21, 2011)
ProPhase Labs (PRPH -20%), maker of Cold-EEZE, takes a hit this morning after Matrixx Initiatives announced today that it has withdrawn its $1.60 per share offer it made to acquire the company back in October. Matrix initially offered $1.40 per share for the company back in September of last year, but then upped its bid to $1.60 soon after after. PRPH rejected both bids out-of-hand.
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