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Edelman Financial Group (EF) Has Gapped Up Sharply On Going Private News

4/16/2012 9:39 AM ET

Edelman Financial Group (EF: Quote) announced Monday morning that it entered into a definitive merger agreement with affiliates of Lee Equity Partners LLC to be acquired for $8.85 per share in cash.

Edelman Financial Group has gapped open sharply higher this morning and is now up 2.53 at $8.71 on the highest volume of the year. The stock has surged to over an 11-month high.

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by RTT Staff Writer

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