(Reuters) - The company's board decided that at $18 per share, the
unsolicited, nonbinding offer did not provide a sufficient
basis for further consideration, Russ Berrie said in a
statement.
Russ Berrie shares jumped to $18.60 in pre-market
electronic trading after closing at $17.71 on Tuesday. They
touched a one-year high of $18.05 on the New York Stock
Exchange on June 1.
Read more at Reuters.com Mergers News
unsolicited, nonbinding offer did not provide a sufficient
basis for further consideration, Russ Berrie said in a
statement.
Russ Berrie shares jumped to $18.60 in pre-market
electronic trading after closing at $17.71 on Tuesday. They
touched a one-year high of $18.05 on the New York Stock
Exchange on June 1.
Read more at Reuters.com Mergers News
No comments:
Post a Comment