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NEW YORK (
TheStreet) --A slew of deal news was driving a small-cap rally Monday.
GSI Commerce(GSIC) was a prominent gainer among small-cap stocks Monday, after
eBay(EBAY) said it will
acquire the company for $2.4 billion
or $29.25 per share. Shares were rising 50.3% to $29.14.
Shares of ambulance and fire protection services provider
Rural/Metro(RURL) was also gaining on deal news, after private equity firm
Warburg Pincus said it would buy the company for $438.2 million, or $17.25 per share, in cash. The acquisition is expected to be completed in June, pending shareholder approval.
Shares were gaining 36.6% to $17.15 per share.
Shares of electronics company
Spectrum Control(SPEC) jumped nearly 40% to $19.61 after
API Technologies said it will acquire the company for $262 million, or $20 per share.
Eastman Kodak(EK) were up 11.5% to $3.79 on unusually high volumes, with more than 40 million shares changing hands in forenoon trading. A U.S. International Trade Commission said after the market close on Friday that it would review its patent-infringement claim against
Research in Motion(RIMM). Investors are betting that the review could increase the odds of a settlement that could be in the tune of $1 billion,
Shares of stem-cell researcher
Aastrom Biosciences(ASTM) were soaring nearly 14% to $2.51 after Stifel Nicolaus initiated coverage on the stock with a buy.
Shares of solar companies found favor after the anti-nuclear Greens party in Germany won in a key regional election on Sunday. The preliminary results suggest that the opposition party composed of the Greens and their Social Democratic Party allies, could garner a narrow majority in the state legislature, which could prompt a shift in Germany's nuclear power policy.
The news sent stocks of solar companies, seen as a safer clean energy alternative, soaring. Shares of
GT Solar(SOLR) were up 6.5%, while shares of
Yingli Energy(YGE) and
LDK Solar(LDK) were up nearly 5% each.
--Written by Shanthi Bharatwaj in New York
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