Despite repeated poor performance of all the major segments in the fiscal 2015 annual results released on November 18, 2015, the company's stock jumped from $40 to $51 over the next two weeks. Furthermore, when the news of this acquisition came out in the market, the stock skyrocketed to $89 within a day, implying the market believed the deal would happen.
Despite repeated poor performance of all the major segments in the fiscal 2015 annual results released on November 18, 2015, the company's stock jumped from $40 to $51 over the next two weeks. Furthermore, when the news of this acquisition came out in the market, the stock skyrocketed to $89 within a day, implying the market believed the deal would happen.
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