Sykes Enterprises Inc. (SYKE) announced Tuesday morning that it entered into a definitive agreement to acquire ICT Group Inc. (ICTG) for $15.38 per share, approximately $263 million.
Sykes Enterprises rose sharply early Tuesday and climbed further around midday. Shares broke out sharply higher in the final 2 hours of the afternoon and finished up by $2.56 at $22.71 on the highest volume of the year. The stock rose above a 2-month range and closed at a new high for the year.
For comments and feedback: editorial@rttnews.com