DayStar Technologies Inc. (NASDAQ:DSTI) continued to soared and now up 110% to $2.94 with over 4.03 million shares. DSTI announced it is pursuing offshore manufacturing of CIGS solar modules.
BlueLinx Holdings Inc. (NYSE:BXC) climbed 37.85% to $3.46. Private equity firm Cerberus Capital Management LP has offered to buy all the outstanding share of BXC for $3.40 per share in cash. The offer price represents a 36% premium to its yesterday’s closing price.
Lance, Inc. (NASDAQ:LNCE) rose 29% to $20.62 in Thursday trading after the company said that it has agreed to merge with Snyder’s of Hanover. Under the transaction terms, shareholders in Snyder’s and Lance will each own approximately 50% of the new company after the merger. The combination is expected to generate more than $30 million in annualized synergies.
AmeriCredit Corp. (NYSE:ACF) gained 21.52% to $23.94 after This morning, government-majority owned, General Motors announced an agreement to purchase subprime lender AmeriCredit Corporation for approximately $24.50 per share. The all-cash transaction is worth $3.5 billion and the news sent AmeriCredit shares sharply up in early morning trading.
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