January 20, 2020 / 8:27 AM / a month ago

Qiagen shares jump on renewed takeover speculation

BERLIN (Reuters) - Shares in genetic testing company Qiagen (QIA.DE) rose 3.6% on Monday after a report that the firm was talking to an interested party about a possible acquisition.

On Friday, the CTFN website cited an unnamed industry executive as saying Qiagen was in talks about a possible takeover.

A Qiagen spokesman declined to comment on the report.

In December, shares in Qiagen plunged after the company said it had decided against a sale as it saw continuing to be a stand-alone business as the best option, terminating all discussions and saying they were not compelling.

Reporting by Emma Thomasson; Editing by Riham Alkousaa

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