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Student Transportation (STB) Is Surging After Bought By Investor Group

Student Transportation Inc. (STB) announced after the bell Tuesday that it has agreed to be acquired by a group of investors, led by Caisse de dépôt et placement du Québec, for $7.50 per share in cash.

Student Transportation has gapped open sharply higher Wednesday morning and is now up 1.49 at $7.50 on the highest volume of the year. The stock has leaped to a new high for the year.

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