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The Stars Group (TSG) Leaped To A New High After Acquisition

The Stars Group (TSG) announced Monday morning that it has agreed to acquire Sky Betting & Gaming from CVC Capital Partners and Sky plc for $4.7 billion in a cash and stock deal.

The Stars Group gapped open higher Monday and rose steadily until mid-morning. The stock was range-bound for the rest of the session and closed up by 4.15 at $33.45 on the highest volume of the year. The Stars Group surged to a new high for the year.

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