BOSTON (TheStreet) -- Nu Horizons Electronics( NUHC) was one of several stocks moving on above-average volume Monday after the electronic components company received a $130 million buyout offer.
shares doubled after the company said it will be acquired by
for $7 per share in cash. The deal is expected to close in the fourth quarter and will increase Arrow's presence in the Asia-Pacific region.
Shares of Nu Horizons are rallying by $3.50, or 102.6%, to $6.91. Volume topped 2.55 million shares, compared to the average daily share volume of 20,000.
( INET) are jumping by $4.06, or 44.6%, to $13.17 after the Internet media company said it entered into a $640 million merger agreement with Hellman & Friedman Capital Partners. Internet Brands stockholders will receive $13.35 in cash for each outstanding share of common stock. Volume topped 4.79 million shares, compared to the average daily share volume of 168,000.
Fellow Internet company
is also on the rise, with shares up 35 cents, or 10.1%, to $3.83. Last week, market rumors swirled that
was interested in buying the local search Web site company. Volume Monday topped 820,000 shares, compared to the average daily share volume of 630,000.
were surging by 92 cents, or 11.8%, to $8.74 after the announced the purchase of
Blacksmith Brands Holdings
for $190 million in cash. Blacksmith owns several consumer brands, including Efferdent and PediaCare. Volume topped 825,000 shares, compared to the average daily share volume of 195,000.
-- Written by Robert Holmes in Boston
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