Tuesday, May 24, 2011

AboveNet Soars On Takeover Chatter

Shares of AboveNet, Inc. (NYSE: ABVT) surged more than 10% on Tuesday after DealReporter said that the company has retained JPMorgan to explore possible sale. AboveNet, Inc., together with its subsidiaries, provides high-bandwidth connectivity solutions to corporate enterprise clients and communication carriers primarily in the United States and the United Kingdom. 

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