MOC - 1.90 Pre-market now at 2.75/2.76
Command Security's Stock Rockets 44% After Buyout Deal To Pace Premarket Gainers -- MarketWatch
Shares of Command Security Corp. (MOC) rocketed 44%, to pace all premarket gainers, after the provider of security services agreed to be acquired by Spain -based Prosegur SA Compania de Seguridad in a deal that valued Command Security at $28.9 million . Under terms of the deal, announced late Tuesday, Prosegur will pay $2.85 in cash for each Command Security share outstanding, representing a 50% premium to Tuesday's closing price of $1.90 . The deal is expected to close by the fourth quarter of 2018. The stock had tumbled 38% year to date through Tuesday, while the S&P 500 had gained 8.6%.
- Tomi Kilgore ; 415-439-6400; AskNewswires@dowjones.com