Celebrity talk-show host Oprah Winfrey has agreed to take a 10 percent stake in Weight Watchers International (WTW) and will receive options to acquire an additional 5 percent. Winfrey will also join the company's Board of Directors.
Weight Watchers has gapped open dramatically higher Monday morning and is now up 4.83 at $11.62 on strong volume. The stock has surged to a 7 1/2 month high.
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