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Movers roundup: Pier 1, Maxygen

By Associated Press
June 16, 2008 | Comments (0)

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Among the stock activity stories for Monday, June 16, from AP Financial News:

NEW YORK (AP) _ Shares of Pier 1 Imports Inc. rose Monday after Cost Plus Inc. rejected the home products retailer's $88 million takeover bid.

NEW YORK (AP) _ Shares of Maxygen Inc. bounced back from a sharp decline, and an analyst said Monday that investors overreacted to a patent threat to its drug candidate MAXY-G34.

NEW YORK (AP) _ Shares of Broadcom Corp. rose with the broader semiconductor sector Monday after the communications chip company claimed a win in a patent dispute filed by SiRF Technology Holdings Inc.

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