Benihana Inc. (BNHNA) announced after the close Tuesday that its Board of Directors has decided to explore strategic alternatives available to the company, including a possible sale, in order to maximize shareholder value.
Benihana gapped up sharply Wednesday and has continued to climb on above average volume. The stock is now up 0.91 at $6.34 and has risen to nearly a 2-month high. Benihana has also re-crossed its 50-day moving average.
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