EMCORE (EMKR) shares were over 28% higher in Friday's premarket activity after the company agreed to be acquired by aerospace manufacturing holding company Velocity One for $3.10 apiece in cash.
EMCORE will become a wholly owned subsidiary of Velocity One under the deal, which was unanimously approved by EMCORE's board, the company said.
Price: 3.0400, Change: +0.67, Percent Change: +28.27
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