LMI Aerospace Inc. (LMIA) announced Friday morning that it has agreed to be acquired by Sonaca Group for $14 per share in an all-cash transaction.
LMI Aerospace gapped open sharply higher Friday, but moved in a narrow range throughout the session. The stock closed up by 4.47 at $13.66 on the highest volume of the year. LMI Aerospace leaped to a new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News