Higher One (ONE) Could Be Seeking Suitor

August 2, 2012 3:04 PM EDT
Shares of Higher One Holdings Inc. (NYSE: ONE) spiked in early trading on Thursday after reports came out that the company hired Goldman Sachs Group to canvass potential buyers. Higher One Holdings is a billing company that helps schools process tuition payments. Its two main competitors are unites of SLM Corp (Nasdaq: SLM) and PNC Financial Services Group (NYSE: PNC).

Shares of Higher One Holdings are higher by 6.6 percent. Shares of PNC Financial and SLM Corp. are trading lower.

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