Updated from 12:11 p.m. EDT
Tech stocks were up modestly Wednesday, though several companies were jumping higher on merger and earnings news.
Andrew(ANDW Quote) jumped 10.9% after the telecom supplier agreed to be acquired by CommScope(CTV Quote) for about $2.6 billion, or $15 a share. The deal represents a 16% premium to Andrew's closing price of $12.98 on Tuesday. The deal, which will consist of at least 90% cash, is expected to close by the end of the year. Shares of Andrew closed up $1.42 to $14.40.
Elsewhere, Spectrum Control(SPEC Quote) climbed 17.8% after the maker of electronic products posted a second-quarter profit that impressed investors. The company earned $2.8 million, or 20 cents a share, on revenue of $33.6 million. The single-analyst forecast compiled by Thomson Financial called for earnings of 18 cents a share. ...
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