Vocus Inc. (VOCS)

[MDizzle]

DJ Vocus Deal at Least Rewards Short-Term Holders -- Market Talk

Apr 07, 2014 08:31:00 (ET)

8:31 EDT - Vocus (VOCS) soared some 75% from Halloween to mid-March after an extended slide as investors seemingly bet some on the PR-software firm's cloud efforts. However, the stock slid 20% since as many highfliers have seen their valuations notably reduced. The stock will bounce today as the company agrees to a $446M buyout from Chicago private-equity firm GTCR, which owns or holds stakes in several dozen companies, including ConvergEx and Land Lease. The deal gives VOCS shareholders cash "at a significant premium to historical" prices, says CEO Rick Rudman. The $18 price tag was last seen for the stock in January 2013, and right before the financial crisis it breached $40. It bottomed last year at $8. ([e-mail]; @kevinkingsbury)