Why Shares of Bazaarvoice Inc. Surged Today
Shares of Bazaarvoice Inc. (NASDAQ: BV), a user-generated content platform provider, jumped on Monday after the company agreed to be acquired. Bazaarvoice also announced its second-quarter results, but this was overshadowed by the acquisition news. The stock was up about 13% at noon EST.
Marlin Equity Partners has agreed to acquire Bazaarvoice for $5.50 per share in cash, an 18% premium to the average closing price in the 30-day period ending Nov. 24. The deal is valued at $521 million.
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Source: Fool.com
