Brunswick Corp. (BC) announced after the close Wednesday that it has agreed to acquire Cybex International Inc. for $195 million.
The company also increased its full year 2016 adjusted EPS forecast to between $3.35 and $3.50. The consensus estimate is for EPS of $3.40.
Brunswick has gapped open sharply higher Thursday morning and is now up 3.68 at $42.17. The stock has rebounded from the lows of the year, following a 2 1/2 week decline.
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