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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.