HotJobs.com Soars on Yahoo! Bid
HotJobs.com (HOTJ Quote) was climbing 63.8% to $10.60 in premarket Instinet action, a day after Yahoo! (YHOO Quote) offered to acquire the company for $436 million in cash and stock.
Yahoo!'s offer would value each share of HotJobs at $10.50.
HotJobs agreed in June to be acquired by TMP Worldwide (TMPW Quote), the owner of rival online job-hunting outfit Monster.com.
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