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LMI Aerospace Inc. (LMIA) Leaped To A New High After Merger

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.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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