Peerless Systems Corp. (PRLS) announced after the bell Monday that it agreed to be acquired by Mobius Acquisition LLC for $7.00 per share in cash. The transaction is expected to close in February or March 2015.
Peerless Systems gapped open dramatically higher Tuesday morning, but moved in a narrow range throughout the session. Shares finished with a gain of 1.46 at $6.84 on the highest volume of the year. The stock vaulted to a new high for the year.
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