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Major Movers on June 12; CTB, ULTA, GIMO, RMBS, HPQ

Shares of Cooper Tire & Rubber Company (NYSE: CTB) catapulted about 40% by afternoon trade after the Ohio based Company received a buyout bid of $2.5 billion from an Indian tire manufacturer Apollo Tiers. Apollo has agreed to pay $35 in cash, which implies 42.5% premium over the Tuesday’s closing stock price.

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June 12th, 2013 | Tags: , , , , | Category: Large Cap Growth Stocks | Leave a comment

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