PolyOne Corporation (NYSE: POL) climbed 8 percent on Wednesday after Jefferies Group initiated coverage on the stock with a “buy” rating. On December 20, the company announced the acquisition of Glasforms Inc., which specializes in glass and carbon fiber reinforced polymers and advanced products.
Tag: ZIP
Avis to Acquire Zipcar (CAR, ZIP)
Shares of car-sharing service provider Zipcar Inc. (NASDAQ: ZIP) skyrocketed nearly 48 percent in pre-market trading on Wednesday after Avis Budget Group Inc. (NASDAQ: CAR) announced that it has agreed to acquire Zipcar in an all cash deal, estimated at $500 million or $12.25 a share, which represents a premium of 49 percent over ZIP’s closing price of $8.24 on last trading day of 2012.