Trinity Industries Inc. (TRN) announced after the bell Wednesday that it agreed to acquire Quixote Corp. (QUIX) for $6.38 per share in cash, or approximately $61 million.
Quixote Corp. gapped open sharply higher Wednesday morning, but traded in a narrow range throughout the session. Shares finished up by 3.42 at $6.37 on the highest volume of the year. The stock has been rising for the past 2 weeks and closed at a new high for the year.
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