September 3, 2009 / 12:31 AM / 10 years ago

Dainippon opens up 7.9 pct after Sepracor bid news

TOKYO, Sept 3 (Reuters) - Shares of Dainippon Sumitomo Pharma Co (4506.T) opened 7.9 percent higher after a source with knowledge of the situation said the Japanese drugmaker plans to offer $2.7 billion for U.S. drugmaker Sepracor Inc SEPR.O. [ID:nN02545273]

After trimming some gains, Dainippon Sumitomo was up 6.1 percent at 1,075 yen. (Reporting by Elaine Lies and Masayuki Kitano)

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