Glu Mobile Trading Higher After News of EA Deal
By Stephen Nakrosis
Shares of Glu Mobile Inc. are trading higher in Monday's
after-hours market following news that Electronic Arts Inc. agreed
to acquire the company for $12.50 a share in an all-cash deal.
At 4:58 p.m. EST, shares of Glu were trading 34.5% higher at
$12.63. Volume at the time topped 946,000 shares.
The stock finished the day's regular-trading session with a
2.18% gain, closing at $9.39.
Over the last 52 weeks, shares of Glu have risen over 33%.
Write to Stephen Nakrosis at firstname.lastname@example.org
(END) Dow Jones Newswires
February 08, 2021 17:21 ET (22:21 GMT)
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