The deal values TomoTherapy at $4.80 per share, a 31% premium to its previous closing price. TomoTherapy shareholders would receive $3.15 in cash and 0.1648 shares of Accuray common stock for each TomoTherapy share they hold.
Shares were soaring 24% to $4.56. Volumes jumped to 15 million shares.
Shares of James River Coal (JRCC) were also rising on deal news. The coal miner said it plans to buy International Resource Partners for $475 million in cash to boost coal and shipping. James River secured $375 million in financing from Deutsche Bank AG and UBS AG for the deal.The stock of James River was surging 12.5% to $22.78.
>To contact the writer of this article, click here: Shanthi Bharatwaj. >To follow the writer on Twitter, go to http://twitter.com/shavenk. >To submit a news tip, send an email to: email@example.com.
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