When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
APH - Why Shares of MTS Systems Popped 66% in December
Amphenol Corporation
Shares of MTS Systems (NASDAQ: MTSC) jumped a whopping 66% in December, according to data provided by S&P Global Market Intelligence , after the company agreed to an acquisition deal.
On Dec. 9, 2020, MTS Systems agreed to be acquired by Amphenol Corporation (NYSE: APH) for $1.7 billion, or $58.50 per share in cash. Amphenol expects the deal to be accretive to earnings, adding $0.16 per share in earnings the first year after closing, which is expected in mid-2021.