OptionsXpress, Rite Aid: Small-Cap Winners
NEW YORK (TheStreet) -- Small-caps were soaring Monday after a renewal in deal activity spurred stocks. Shares of OptionsXpress (OXPS) were climbing 15% to $17.69 after Charles Schwab (SCHW) said it will buy the online retail brokerage in an all-stock transaction worth $1 billion.
Shareholders will be offered 1.02 shares of Schwab's stock for every share held, valuing OptionsExpress at $17.91 per share.
Shares of Leap Wireless (LEAP) were leaping 12% to $13.64 on the back of heightened deal buzz following the AT&T (T) - T-Mobile deal announced over the weekend. Speculation that Sprint Nextel (S) might gobble up smaller players to compete with the merged entity was driving the stock.
Verigy (VRGY), a manufacturer of semiconductor testing equipment, was ahead by 9.6% at $13.98 after it said that a $908 million offer it received from Japan's Advantest was superior to a pending deal with LTX-Credence.
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