New York, New York - October 1, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on the top percentage gainer on the NASDAQ for Monday October 1 st. Ceradyne Inc. (NasdaqGS: CRDN) leads NASDAQ, trading at $34.92, gaining $10.49 or 42.94% as of 1:45PM EDT on over 12.4 Million shares. The stock moved on news of a takeover by 3M (NYSE:MMM).
3M (MMM) and Ceradyne, Inc. (CRDN) announced today that they have entered into a definitive agreement for 3M’s acquisition of Ceradyne, Inc. for $35.00 per share. The proposed transaction has an aggregate value of approximately $860 million, or approximately $670 million net of cash, cash equivalents, short-term investments and debt acquired.
- Published: 01 October 2012
- Written by Investor Ideas