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- Dow +21.04 at 12241.63, Nasdaq +1.36 at 2744.42, S&P +1.57 at 1315.37
Dow +21.04 at 12241.63, Nasdaq +1.36 at 2744.42, S&P +1.57 at 1315.37
GSI Commerce (GSIC 28.99, +9.61) is a top performer today, thanks to the decision by eBay (EBAY 30.80, -0.90) to buy the e-commerce and interactive marketing service provider for $29.25 per share. The offer represents a rich premium of about 50% over the sub-$20 price that the stock settled with this past Friday. The offer's total consideration stands at approximately $2.4 billion. eBay announced that the deal is expected to close in the third quarter and that it will be financed with both cash and debt.
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