Monday, March 07, 2011 6:07:49 PM
By Shanthi Bharatwaj 03/07/11 - 01:50 PM EST
Stock quotes in this article:TOMO, JRCC, VRUS, LEI, AVL, REE, GPL
NEW YORK (TheStreet) -- TomoTherapy(TOMO) was leading the gains among small-cap stocks Monday afternoon, after Accuray(ARAY_) said it will buy the radiation firm for $277 million in cash and stock.
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, a 31% premium to its previous closing price. TomoTherapy shareholders would receive $3.15 in cash and 0.1648 shares of Accuray common stock for each TomoTherapy share they hold.
Shares were soaring 24% to $4.56. Volumes jumped to 15 million shares.
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