RSAS rocketed over 18% higher on Thursday, after rumors began running rampant that the company was poised to be bought out. These rumors became reality on Thursday evening, when EMC announced that they were going to offer RSAS shareholders $28 dollars per share for the company. The stock is up a further 18.88% in afterhours trading. RSAS shareholders will surely be pleased by this purchase, as the purchase price is 4 1/2 points above the company’s 52 week high of $23.52. Expect volume to be extremely high on Friday, as arbitrageurs get into the stock and shareholders sell and reap their large rewards. EMC was down almost 4% in afterhours trading on this news.
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