Updated from 11:39 a.m. EDT
Technology stocks dipped Thursday, despite several acquisitions in the software industry spurring the biggest movers to gains.
Acxiom(ACXM Quote) vaulted 18.1% after the software maker agreed to be acquired by two private equity firms for $3 billion. The deal, which includes the assumption of about $756 million in debt, calls for Silver Lake and ValueAct Capital to pay Acxiom shareholders $27.10 a share in cash, representing a premium of 14% over Wednesday's closing price of $23.67. The acquisition is expected to close within the next three to four months. Shares closed up $4.28 to $27.95.
Elsewhere, 24/7 Real Media(TFSM Quote) rose 3.5% after the software firm agreed to be acquired by WPP Group for about $649 million, or $11.75 a share in cash. The price represents a premium of 4% over Wednesday's closing price of $11.26. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
71.98
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.59
|
10 Yr
3.48%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+1.72%
|
Data delayed 20 minutes |
Connect with TheStreet