M & F Worldwide(MFW Quote) was among the small-cap winners Monday after shares gained on the New York-based licorice-maker's first-quarter results. Revenue skyrocketed to $187.2 million from $24.1 million a year ago, and the company posted income of $10.4 million, or 53 cents a share, compared with $6.3 million, or 33 cents a share, a year ago.
M & F said the increase was primarily due to its acquisition of Clarke American, which accounted for $6.4 million of the increase. This was partially offset by interest on Mafco Worldwide's long-term debt incurred in connection with the acquisition of Clarke American. Shares rose $1.30, or 9.2%, to $15.40 in recent trading.
Emmis Communications(EMMS Quote) surged on news that chief Jeff Smulyan offered to take the Indianapolis-based radio company private in a deal that values it at $567 million. Smulyan offered $15.25 a share for the company, a 14% premium to Friday's closing price. Emmis' board named a special panel to consider the proposal. ...
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