
Allied Motion Technologies, Inc Jumps 10.74% After Announcement
Allied Motion Technologies, Inc AMAT closed Up 10.74% to $8.04 after the company announced a definitive agreement to acquire all of the outstanding shares of Globe Motors, Inc. from Safran USA, Inc., on a cash free, debt free basis, for approximately $90 million in cash. Volume was 116,121 shares traded.
Headline;
Allied Motion Technologies Inc. to Acquire Globe Motors, Inc.
http://finance.yahoo.com/news/allied-motion-technologies-inc-acquire-164500911.html
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Stocks covered:
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Compensation:
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Avg $ Volume for Period:
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AMOT
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Unknown compensation
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UNKNOWN
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Max Profit: 5.77 %
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Gain at close: 3.06 %
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