Shares of Hexcel (HXL) retreated from their highs after Solvay (SOLVY) told Bloomberg that it is not in talks to acquire the company and hasn’t made an offer. Street Insider earlier today reported that Hexcel received a takeover approach from Solvay and that the two sides are currently in talks. Shares of Hexcel remain up 3% to $42.92 in late morning trading.
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