Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of electronic payments technologist Hypercom
So what: The company is in the process of being acquired by larger e-payment specialist Verifone
Now what: The Verifone transaction isn't expected to close for another couple of quarters -- but don't expect any more pops like this one. The large discrepancy between Verifone's offer price and Hypercom's share price was based on misgivings about a lowball bid, complete with shareholder lawsuits. Those issues seem to be behind the companies now, and the acquisition is a near-lock after this sudden jump.
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