Why AVX Corporation Stock Just Jumped 35%
Shares of AVX Corporation (NYSE: AVX) took off like a rocket in Wednesday trading after it was revealed that Japanese electronics conglomerate Kyocera Corporation (OTC: KYOCF) wants to acquire it.
Kyocera already owns approximately 72% of AVX stock and now wants to buy the remainder. Shares of AVX, which makes electronic components for the automotive, telecom, and semiconductor industries, are up 34.7% as of 10 a.m. EST.
Image source: Getty Images.
Source Fool.com
