Computer Sciences soars on a WSJ report of PE interest. Interest includes firms such as Blackstone and TPG Capital. The IT services provider has long thought to be coveted by buyout firms. Recent share declines may make the company a compelling value.
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Cree took off once again, but has since given back some of its gains. Takeover rumors have been speculated for years that lighting giants General Electric and Philips might be interested in making a bid.
ChinaCast Education shares are up 17.3%. A special committee of independent directors has formed to consider strategic alternatives after an institutional investor made an unsolicited bid for the online education provider. The bid was at a “significant premium” to the stock price.
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