(ACOM) Shares Volatile on Takeover Rumors

October 2, 2012 1:46 PM EDT
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Shares of (Nasdaq: ACOM) saw volatility on reports that Permira Advisers LLP resumed talks about a takeover at $32 a share. Previously talks collapsed when they hit a sticking point over the price, with seeking $38 per share.

The rumors caused the stock’s price to spike, but the move higher was short lived. Shares now traded at $29.60.

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