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Hot Stock; Pansoft Company Limited (PSOF)

By Warren Paige

Pansoft Company Limited (NASDAQ: PSOF), an enterprise resource planning software solutions and services provider for the oil and gas industry in China, has seen a sharp rise in its shares in trading today.

PSOF shares rose to an intra-day high of $4.09 in trading today. At last check, the stock was trading 23.58% higher at $3.93 on above average volume of 145,873.

PSOF shares surged today after the company announced that it entered into a definitive agreement and plan of merger with Timesway Group Limited.

Timesway will acquire PSOF for $4.15 per share, representing a premium of 106% over PSOF’s price on January 6, 2012, the last trading day before the company’s announcement that it received a going private proposal from Timesway.

Timesway had initially offered $3.76 per share but has raised its offer to $4.15 per share.

 

May 17th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.