MModal Inc. (MODL) announced after the bell Monday that it agreed to be acquired by One Equity Partners, the private investment arm of JP Morgan Chase & Co. (JPM), for $14.00 per share in an all-cash transaction.
MModal gapped open higher Tuesday, but traded in a narrow range for the majority of the session. The stock closed up by 1.09 at $14.02 on the highest volume of the year. MModal closed challenging the highs of the year, trading at over an 11-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.