TECO Energy Inc. (TE) announced after the close Friday that it has agreed to be acquired by Emera Inc. for $27.55 per share in cash, or $10.4 billion.
TECO Energy gapped open dramatically higher Tuesday and posted gains in early trade, before settling into a narrow range. Shares finished up by 5.27 at $26.34 on the highest volume of the year. The stock soared to a new high for the year.
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