Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Calgon Carbon Corporation Stock Just Soared 62%

TheMotleyFool

0 0

Why Calgon Carbon Corporation Stock Just Soared 62%

Thanks to a well-timed buyout from a Japanese suitor, shares of Calgon Carbon Corporation (NYSE: CCC) are soaring 61.9% as of 11:45 a.m. EDT Thursday.

Thursday morning, Calgon Carbon Corporation announced a deal to sell itself to Japan's Kuraray Co., Ltd., for $21.50 per share. The deal values Calgon Carbon stock at $1.1 billion, and once net debt is factored in, value's the transaction as a whole "in excess of $1.3 billion."

So what happens next?

Source: Fool.com