On buyout news, Backyard Burgers, Inc. leads Monday small-cap percent gainers
Memphis, Tenn.-based Back Yard Burgers, Inc. (Nasdaq: BYBI) announced it has agree to be bought for $38 million. BBAC LLC, an investment partnership managed by Cherokee Advisors and C. Stephen Lynn, reported it will buy shares in Back Yard Burgers for $6.50 each in cash, a 29% premium above Friday’s closing price. The deal is expected to close by the third quarter starting Sept. 30.
Because O.I. Corp. (Nasdaq: OICO) believes its own shares are undervalued, the College Station, Texas-based company said it plans to repurchase 10%, or about 300,000, of its shares in the range of $13 to $14.75 per share.
Eden Prairie, Minn.-based Wireless Ronin Technologies, Inc. (Nasdaq: RNIN) announced Monday it has a service agreement to manage and maintain Reuters’ InfoPoint network for digital signs.
These are the biggest percentage gainers in Monday's trading among companies with market capitalizations under $500 million:
| Price at | % | ||||||
| 1:57 et | Change | Change | Volume | Year High | Year Low |
