Shares of Edgar Online Inc. (EDGR) seeing Huge Rally in Mid-Day Session Today; Company Agrees to Acquisition
Shares of Edgar Online Inc. (NASDAQ: EDGR), a provider of eXtensible Business Reporting Language (XBRL) filing services, data sets, and analysis tools, are seeing a huge rally in today’s trading.
At last check, the penny stock of EDGR was trading 48.61% higher at $1.07, with volume up from daily average of 60,524 to 3.11 million.
EDGR shares are soaring in today’s trading after the company agreed to be acquired by RR Donnelley & Sons Company (NASDAQ: RRD).
Edgar and RR Donnelley entered into a definitive agreement under which RRD will acquire EDGR for $70.5 million, which includes $1.092 per common share, assumption of debt and payment of an amount equal to the redemption price of the preferred shares.
- The transaction is expected to close in the third quarter of 2012. Check out all our other hot penny stocks: Hot Stocks
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Posted by James Mac
on Tuesday, May 22nd, 2012. Filed under Internet, Technology.
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