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Speculation of Microsoft acquiring ERTS

Rumors of MSFT acquiring ERTS has been around for some time now and it looks likely to take steam although some analyst still disagree.

ERTS shares recently rose 8.9% to $20.17 on more than twice its average daily volume over the past 30 days. The stock hit a high Wednesday of $20.33, the first time it was above $20 in more than a month. MSFT shares added 1.6% to $26.17.

The gains by ERTS seem driven by the takeover speculation. Volume in Electronic Arts calls options contracts also skyrocketed. Activity in calls often rises when a company is in an industry expected to consolidate. Marcus.tan.yi.wei 16:04, September 24, 2009 (PDT)

Reference

"Electronic Arts Shares Surge On Microsoft Takeover Chatter " Article from Wall Street Journal

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