Florida East Coast Industries
soared 11% after the real estate company agreed to be taken private by affiliates of
Holders of the Jacksonville, Fla., company will get $62.50 a share in cash, plus $21.50 in a special dividend.
The terms represent a 13% premium to Monday's closing price and a 31% premium to the average closing price over the last 60 trading days.
Shares rose $8.07 to $82.20.