Q9 Acquisition Sends Shares Through The Roof

August 2008 | M&A News Alert

Shares in leading Canadian IT infrastructure firm Q9 Networks skyrocketed on August 26 after the Toronto firm announced its acquisition by US private equity firm ABRY Partners for US$361mn in cash. Q9's stock shot up to a new high of CAD16.82 (US$16.13) on the Toronto Stock Exchange, nearly twice the shares' 52-week low of US$8.50, the same price at which the company went public in

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