TNS Inc. (NYSE: TNS), an international data communications company providing networking, managed connectivity, data communications and value added services, is marginally higher in mid-day trading today following Tuesday’s huge rally.
TNS had finished more than 42% higher on Tuesday after the company agreed to be acquired by an investor group led by Siris Capital in a deal valued at $862 million. Siris, which is a private equity firm, agreed to pay $21 per share in cash to acquire TNS. The transaction represents a premium of 47% over TNS’s average price over the past 30 days.
TNS is currently trading 0.14% higher at $20.79 on above average volume of 571,545.
Find out if TNS could pick up more steam by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=TNS
Sirius XM Radio Inc. (NASDAQ: SIRI), the New York City-based satellite radio company with over 20 million subscribers, is fluctuating between gains and losses in trading today. SIRI is currently trading 0.27% lower at $2.72 on volume of 11.66 million, which is significantly below the daily average volume of 74.02 million.
SIRI had risen sharply last week after the company announced a special dividend and a stock buyback program. However, the stock failed to break through $2.80, which has been a stiff resistance level in recent weeks. If SIRI can break through this level then there could be some upside potential.
Find out if this is the right moment to buy or sell SIRI here: http://www.monstertradingalerts.com/market-scan/?symbol=SIRI
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