PCNTF jumped over 16% after MediaRing said that it planned a $8.25 unsolicited offer in cash for PCNTF. Mediaring currently owns slightly less than 5% of PCNTF. Is the market skeptical of this deal? The stock closed at $7.50 on Monday, well below the $8.25 offering price. Volume was heavy, with over 1.1 million shares changing hands, compared to a normal daily average of 176k. The stock has a 52 week high of $8.38.
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