Corporate Executive Board (EXBD) announced after the bell Monday that it signed a definitive agreement to acquire SHL, from funds managed by HgCapital and Veronis Suhler Stevenson, for $660 million in cash.
Corporate Executive Board gapped up sharply Tuesday and spiked higher in early trade, before settling into a range. Shares finished up by 4.47 at $46.11 on strong volume. The stock surged past resistance and set a new high for the year.
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by RTT Staff Writer
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