Orchard Shares Double On Buyout News

(NEWS & ANALYSIS) Shares of digital distributor The Orchard rose 38.9% during the trading day yesterday and then jumped another 70% after hours on news that majority shareholder Dimensional Associates was moving to acquire all additional stock of the company that it did not currently own. Shares which began the day at $1.05 and ended at $1.45 were selling at $2.47 overnight. In a late Friday filin...
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