Shares of Mattson Technology Inc. (MTSN) advanced to $3.10 in the previous session in New York and have risen nearly 18% in morning trading Wednesday, after the provider of semiconductor wafer processing equipment announced it will be acquired by Beijing, China-based E-Town Dragon for $3.80 per share in cash.
Currently, more than 2 million MTSN shares have changed hands, which dwarfs the average daily volume of 418K shares.
Shares in the $274.54 million market cap company are up 19.23% year-over-year and off about 39% from their March 3, 2015, $5.10 52-week high.
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Shares of SunEdison, Inc. (SUNE) continue to surge on Wednesday, up more than 4%, at $3.60. The solar energy firm gained momentum after its unit TerraForm Global (GLBL) terminated a $3.45 billion deal with Renova, a Brazilian renewable energy company.
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Shares of Qualcomm Incorporated (QCOM) are higher by 7.18% in early morning trading on Wednesday.
The $79.42 billion market cap company today announced that it has signed a 3G/4G license agreement with Xiaomi Technology Co. that allows the Chinese smartphone maker to use its patents to make and sell 3G and 4G devices.
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Shares of ARRIS Group, Inc. (ARRS) are up by 4.44% to $32.49 in early trading on Wednesday morning following the co.’s announcement the DOJ has closed its investigation, without condition, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for ARRIS’s proposed acquisition of Pace plc.
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