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Shares of Edgar Online Inc. (EDGR) seeing Huge Rally in Mid-Day Session Today; Company Agrees to Acquisition

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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.

Posted by on Tuesday, May 22nd, 2012. Filed under Internet, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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