Sound Advice Leaps on Buyout

By TSC Staff ,

Sound Advice (SUND) was up 57.8% on news that another audio and video retail chain, Tweeter Home Entertainment (TWTR) - Get Report, had offered to buy the company in a one-for-one stock swap.

The combined company would be the No. 1 specialty retailer.

Tweeter's stock closed Friday at $28.15, while Sound Advice closed at $14.92. Tweeter was down 8.5%.

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