NEW YORK ( TheStreet) --A slew of deal news was driving a small-cap rally Monday. GSI Commerce ( GSIC) was a prominent gainer among small-cap stocks Monday, after eBay ( EBAY) said it will acquire the company for $2.4 billion or $29.25 per share. Shares were rising 50.3% to $29.14. Shares of ambulance and fire protection services provider Rural/Metro ( RURL) was also gaining on deal news, after private equity firm Warburg Pincus said it would buy the company for $438.2 million, or $17.25 per share, in cash. The acquisition is expected to be completed in June, pending shareholder approval. Shares were gaining 36.6% to $17.15 per share. Shares of electronics company Spectrum Control ( SPEC) jumped nearly 40% to $19.61 after API Technologies said it will acquire the company for $262 million, or $20 per share.
Shares of Eastman Kodak ( EK) were up 11.5% to $3.79 on unusually high volumes, with more than 40 million shares changing hands in forenoon trading. A U.S. International Trade Commission said after the market close on Friday that it would review its patent-infringement claim against Apple ( AAPL) and Research in Motion ( RIMM). Investors are betting that the review could increase the odds of a settlement that could be in the tune of $1 billion, Bloomberg reported. Shares of stem-cell researcher Aastrom Biosciences ( ASTM) were soaring nearly 14% to $2.51 after Stifel Nicolaus initiated coverage on the stock with a buy. Shares of solar companies found favor after the anti-nuclear Greens party in Germany won in a key regional election on Sunday. The preliminary results suggest that the opposition party composed of the Greens and their Social Democratic Party allies, could garner a narrow majority in the state legislature, which could prompt a shift in Germany's nuclear power policy. The news sent stocks of solar companies, seen as a safer clean energy alternative, soaring. Shares of GT Solar ( SOLR) were up 6.5%, while shares of Yingli Energy ( YGE) and LDK Solar ( LDK) were up nearly 5% each. --Written by Shanthi Bharatwaj in New York >To contact the writer of this article, click here: Shanthi Bharatwaj. >To follow the writer on Twitter, go to http://twitter.com/shavenk. >To submit a news tip, send an email to: email@example.com.
Shares of GSI Commerce (Nasdaq:GSIC) were gapping up Monday morning with an open price 51.7% higher than Friday's closing price. The stock closed at $19.38 yesterday and opened today's trading at $29.40.