Acacia Research Corp. rises on licensing deal
Shares of Acacia Research-Acacia Technologies (Nasdaq:ACTG), which is a segment of Acacia Research Corp., are up on news before the opening that the Newport Beach, Calif.-based company, which acquires and licenses patented technology, has entered into a license agreement with business software maker SAS Institute Inc.
At 2:29 p.m. ET, the stock had climbed $0.37, or 7%, to $5.80. For detailed price information and recent news stories about Acacia Research-Acacia Technologies, click ACTG.
