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WMS Industries Inc. (WMS) Leaped To A New High After Merger Announcement

2/1/2013 6:49 AM ET

WMS Industries Inc. (WMS: Quote) announced Thursday morning that it agreed to be acquired by Scientific Games Corp. (SGMS: Quote) for $26.00 in cash per common share or approximately $1.5 billion.

WMS Industries gapped open dramatically higher Thursday, but traded in a narrow range throughout the session. The stock closed up by 8.38 at $24.75 on the highest volume of the year. WMS Industries closed challenging the highs of the year, trading at a 9-month high.

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by RTT Staff Writer

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