skyrocketed 44.5% after the maker of industrial power transmission products agreed to sell itself to
for $24.80 a share -- a 46% premium to Friday's closing price. The deal will likely close in April. Shares of Pennsylvania-based TB Woods were rising $7.57 to $24.57. Altra was up 15 cents, or 0.9%, to $16.55.
, which makes lawn care products, shot up by more than a third on news it will sell itself to farm-equipment maker
Deere & Co.
in a $14.50-a-share deal that will probably close within the second quarter. Lesco shares were gaining $3.82 to $14.25. Deere was slipping 69 cents to $113.24.
In more acquisition news, food distributor
Smart & Final
said privately held Apollo Management will buy it for $22 a share, or about $812.9 million. As part of this venture, Apollo will buy out Smart & Final's majority shareholder, a subsidiary of France-based
, for a price to be determined by the amount of Smart & Final shares it owns at time of closing. The deal should close in the second quarter.
Los Angeles-based Smart & Final simultaneously reported plunging fourth-quarter profits of $5.1 million, or 16 cents a share, from $9.3 million, or 29 cents a share, a year ago. But shares were spiking $2.55, or 13.4%, to $21.61.