LaCrosse Footwear (BOOT) Shares Nearly Double as ABC-MART Bids $20/Share in Cash
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Shares of LaCrosse Footwear (Nasdaq: BOOT) have surged a whopping 81 percent in Friday's pre-market session following news late Thursday ABC-MART entered into a definitive agreement to acquire the company for about $20 per share in cash. The deal is valued at about $138 million.
LaCrosse shares closed at $10.98 on Thursday afternoon. In pre-open action, shares are trading around $19.90.
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LaCrosse shares closed at $10.98 on Thursday afternoon. In pre-open action, shares are trading around $19.90.
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