Network Six Leaps on Takeover

By TSC Staff ,

IT consultant Network Six (NWSS) was up 33.2% in preopen Island trading after the company announced it will be acquired by auto and defense industry supplier TRW (TRW) for $5.3 million cash, or $3.60 a share.

The deal represents a 35.8% premium over Wednesday's closing price of $2.65. Under the agreement, Network Six will be merged into a unit of TRW.

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