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Concur Technologies Inc. (CNQR) Broke Out Sharply After Merger Agreement

Concur Technologies Inc. (CNQR) announced after the close Thursday that it agreed to be acquired by SAP America Inc., a subsidiary of SAP.

Concur Technologies gapped open dramatically higher Friday morning, but moved in a narrow range throughout the session. The stock closed up by 19.02 at $126.82 on the highest volume of the year. Concur Technologies broke out of a 2 1/2 week range and set a 6 1/2 month high.

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