Ceradyne (NasdaqGS: CRDN) Makes NASDAQ Top Gainer List on 3M Acquisition
Category: Investment, Nanotechnology
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New York, New York - October 1, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on the top percentage gainer on the NASDAQ for Monday October 1 st. Ceradyne Inc. (NasdaqGS: CRDN) leads NASDAQ, trading at $34.92, gaining $10.49 or 42.94% as of 1:45PM EDT on over 12.4 Million shares. The stock moved on news of a takeover by 3M (NYSE:MMM).
3M (MMM) and Ceradyne, Inc. (CRDN) announced today that they have entered into a definitive agreement for 3Mís acquisition of Ceradyne, Inc. for $35.00 per share. The proposed transaction has an aggregate value of approximately $860 million, or approximately $670 million net of cash, cash equivalents, short-term investments and debt acquired.
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