Small-cap stocks, along with the broader market spent some time in the sun Monday, as the Russell 2000 was recently up 0.4% at 707.34 and the S&P SmallCap 600 lifted 0.4% to 366.04.
surged 45% to $17.79 after
announced it would buy the Grand Rapids, Minn.-based maker of rubber track machines. Terex will shell out $488 million, or $18 a share, for the company.
In other buyout news, workplace services and daycare provider
(BFAM - Get Report)
rose 34% to $44.01 after private investment firm
Bain Capital Partners
agreed to buy the Watertown, Mass., company for $1.3 billion, or $48.25 a share. The purchase price represents a 47% premium over Bright Horizons' Friday closing price.
Meanwhile, shares of energy provider
Canadian Superior Energy
jumped 25% to $3.76 on news that it had, along with partners
, discovered a source of natural gas off the coast of Trinidad.
Troy, Mich.-based supplier of integrated systems for motor vehicles
likewise drove ahead 15% to $11.21 on a KeyBanc upgrade to buy from hold.
Among the biggest losers of the day was
. The Redwood City, Calif.-based maker of software for mobile devices dropped 20% to $1.86 on the departure of its chief financial officer, Jean-Yves Dexmier. He will be replaced by Anne Brennan, the vice president of finance, on an interim basis. Additionally, Openwave appointed Charles Levine as non-executive chairman of the board. He replaces interim chairman Robert Vrig, who will carry on as CEO. Following the announcement, JPMorgan downgraded the company to sell from neutral.