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Hi-Shear shares rise 58.5 percent on takeover announcement
Wednesday, September 16, 2009 - 3:32pm | 94Shares of Hi-Shear Technology Corp. (HSR) rose 58.5 percent during intraday trade on Wednesday, after the aerospace equipment manufacturer announced that it has a definitive merger agreement with UK’s Chemring Group PLC (LSE: CHR). Hi-Shear Technology’s shareholders will receive cash $19.18 for...