Polypore International Inc. (PPO) announced Monday morning that it has agreed to be acquired by a U.S. subsidiary of Asahi Kasei Corporation for $60.50 per share in cash.
Polypore International has gapped open dramatically higher this morning and is now up 6.46 at $59.41 on above average volume. The stock has surged past resistance and has set a new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News