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Hain Celestial Group (HAIN) Climbed To A New High After Acquisition

5/4/2012 5:16 PM ET

Hain Celestial Group (HAIN: Quote) announced after the close Thursday that it agreed to acquire Cully & Sully Limited. The company also reported third quarter adjusted EPS of $0.54.

Hain Celestial Group gapped up Friday and climbed during the first 2 hours of trade. The stock finished higher by 2.96 at $50.27 on the highest volume of the year. Hain has been rising for the past week and a half and closed at a new high for the year.

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by RTT Staff Writer

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