California Micro Devices Corp. (NASDAQ: CAMD) surged over 53.11% to a yearly high of $4.67 after the chipmaker agreed to be bought out by ON Semiconductor Corp. (NASDAQ: ONNN) for $4.70 a share.
Visa Inc. (NYSE: V) jumped over 5.6% to a yearly high of $85.91. The world’s biggest electronic payments network will be joining the Standard & Poor’s 500 Index trading ends on December 18th, which will prompt buying by index funds and other investors.
XTO Energy Inc (NYSE: XTO) rose over 18.3% to a yearly high of $49.10 after Exxon Mobil Corp. (NYSE: XOM) buy XTO Energy in an all-stock transaction worth $31 billion.
Garrett W. McIntyre
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