Shares in professional development company Learning Tree International
Collins argues that he is intricately familiar with the business and that if he took it over, it would be for the best of the future success of the company.
The stock closed at $5.10, up 20% from its open. It was trading as high as $5.15 per share after hours. Shares in the company surged even as the Dow Jones
The deal, if approved, would be for a total of $47.1 million. The fact that the stock did not immediately rocket to $5.25 reflects the risk that the deal won't be approved.
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