Internet Capital Group Soars 24.2% on Rights Plan; Other B2B Stocks Up
Internet Capital Group
(ICGE)
was up 24.2% in late morning after it announced a shareholder rights plan, triggered when someone attempts to buy at least 15% of its shares. The company said shareholders would get a preferred stock purchase right for each common share outstanding at the close of business on Dec. 6. Other business-to-business stocks were rallying today as well.
Ariba
(ARBA)
was up 13.9%.
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PurchasePro
(PPRO)
was up 29.9%.
Commerce One
(CMRC)
was up 19.9%.
