Tuesday, September 14, 2010

Radware Spikes On Buyout Rumor

Shares of Radware Ltd. (NASDAQ: RDWR) surged as much as 36% on speculation that the integrated smart networking solutions developer is in talks to be sold. Both HP and IBM are technological partners of Radware. The expected value of the deal is around $945 million, or $45 per share, representing 60% premium on the market price. The company's share price has not been that high since 2000, at the height of the high-tech boom. This will be one of the biggest exists in Israel in recent years.

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