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Health stocks predominated in small-cap trading Monday, with acquisition news sending several names higher.
1-800 Contacts (CTAC Quote) leapt 19.7% to $24.02 after private-equity firm Fenway Partners agreed to acquire the Utah-based contact lens distributor for $24.25 a share, or about $340 million. The deal is expected to close in the second half of fiscal 2007.
Diagnostic substances maker Digene (DIGE Quote) surged more than 30% to $58.27 after Qiagen (QGEN Quote) agreed to buy the Maryland-based company for some $1.6 billion in cash and stock. The transaction should close in August or September. Dutch-based Qiagen dropped 6.9% to $16.09. ...
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