TurboChef Technologies, Energysouth and Meadow Valley lead small-cap percentage gainers
TurboChef Technologies Inc (Nasdaq:OVEN), Energysouth Inc (Nasdaq:ENSI) and Meadow Valley Corp (Nasdaq:MVCO) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Par Technology Corp (Nasdaq:PTC), Occam Networks Inc (Nasdaq:OCNW), Gencor Industries Inc (Nasdaq:GENC), Computer Task Group Inc (Nasdaq:CTGX), Heritage Crystal Clean Inc (Nasdaq:HCCI) and Ener1 Inc (Nasdaq:HEV). Here are the biggest percentage gainers among small caps:
Meadow Valley to be acquired for $61.3M; shares up 19%
Construction services and material supplier Meadow Valley Corporation (Nasdaq:MVCO) said ahead of the opening it had agreed to be acquired by an affiliate of Insight Equity I LP for $61.3 million. The news has sent shares up more than 19%. Phoenix-based Meadow Valley will be acquired for $11.25 per share in cash. The transaction is expected to close before Dec. 31 this year.
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In today’s trading, shares of Meadow Valley are at $10.97 at 10:14 a.m. ET, up $1.76 from Friday’s close. Shares have ranged from $8 to $14.58 during the past year. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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