Here's a surprise announcement that may be contributing to the recent excitement in the stock.
Barnes Group to acquire Manner in €275M deal • 9:10 AM
Barnes Group (B) agrees to acquire privately-held Männer for ~€275M ($373M), giving the diversified manufacturer additional offerings in mold-making and hot runner systems.
Männer, headquartered in Germany, operates out of three manufacturing locations in Germany, Switzerland and the U.S., and has sales and service offices in Europe, Hong Kong and Japan.
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