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Blackhawk Network Holdings (HAWK) Leaped After Merger Agreement

Blackhawk Network Holdings (HAWK) announced Tuesday morning that it has agreed to be acquired by Silver Lake and P2 Capital Partners for $3.5 billion in an all-cash transaction.

Blackhawk Network gapped open sharply higher Tuesday morning, but moved in a narrow range throughout the session. Shares finished with a gain of 8.58 at $45.08 on the highest volume of the year. The stock leaped to a 3-month high.

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