Network Equipment Technologies Shares Jump In Pre-Market Trading On Acquisition News
Shares of Network Equipment Technologies (NASDAQ: NWK) surged more than 12% in pre-market trading after Sonus Networks (NASDAQ: SONS) announced its plans to buy Network Equipment Technologies for $41.3 million.
Sonus will pay $1.35 for each NET share, which represents a 14.4% premium to NET's closing price on Monday.
Network Equipment Technologies shares jumped 12.71% to $1.33 in the pre-market session.
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