PricewaterhouseCoopers LLP announced it will acquire Diamond Management & Technology Consultants (DTPI) for $378 million dollars in cash, or 12.50 per Diamond share. That's a premium of 31% to Diamond's stock price at yesterday's close, and shares jumped higher in Tuesday trading.
Acacia Research Corp. (NASDAQ:ACTG) announced after the bell yesterday that it is partnering with Renesas Electronics on a strategic patent licensing alliance. Acacia partners with inventors and patent owners, then licenses their patents to corporate users, for a share of the revenue. Shares of Acacia rose about 9% on Tuesday.
Daktronics (NASDAQ:DAKT) announced its quarterly results, with earnings of 6 cents per share, double what the company earned in the same quarter last year. Net sales came in at 100.5 million, down about 11% year over year. Shares of Daktronics advanced more than 15%.
Kindred Healthcare (KND) announced it will acquire five long-term acute care hospitals from Vista Healthcare, for $180 million in cash. Investors reacted favorably to the announcement, sending Kindred shares 3.5% higher in early trading on Tuesday.
According to ETFChannel.com, all four of today's featured big gainers are members of the iShares Russell 2000 Index Fund ETF (NYSE:IWM), which was down about 1% on the day.
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