May 11, 2017 / 1:18 PM / 7 months ago

BUZZ-Merus Labs International Inc: To be acquired by Norgine

** U.S.-listed shares of the specialty pharma company surge 58 pct to $1.20 in heavy premarket trade

** Set to wipe off losses from past 12 mths at current level

** Says Norgine would acquire all of its shares for 1.65/shr in cash, a premium of about 63 pct to Wednesday’s close

** The deal, which has an enterprise value of about $342 mln, is expected to close by Sept. 30

** Separately, Merus reports about 15 pct rise in Q2 revenue to $22.6 mln, helped by strong sales of Nitrate and women’s health products

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