Live Nation Inc. (LYV) and Ticketmaster Entertainment (TKTM) announced around mid-afternoon Monday that they reached agreements with the U.S. Department of Justice and with the Canadian Commissioner of Competition, which cleared the way for their proposed merger.
Live Nation Inc. spiked to the upside late Monday morning and took out the highs of the session around the middle of the afternoon. Shares finished up by $1.35 at $10.51 on the highest volume of the year. The stock rose above a 2 1/2 week trading range and closed at a new high for the year.
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