Why Shares of MTS Systems Popped 66% in December
Shares of MTS Systems (NASDAQ: MTSC) jumped a whopping 66% in December, according to data provided by S&P Global Market Intelligence, after the company agreed to an acquisition deal.
On Dec. 9, 2020, MTS Systems agreed to be acquired by Amphenol Corporation (NYSE: APH) for $1.7 billion, or $58.50 per share in cash. Amphenol expects the deal to be accretive to earnings, adding $0.16 per share in earnings the first year after closing, which is expected in mid-2021.
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Source Fool.com
