FX & CFD trading involves significant risk
GSI Commerce (GSIC 28.99, +9.61) is a top performer today, thanks to the decision by eBay (EBAY 30.80, -0.90) to buy the e-commerce and interactive marketing service provider for $29.25 per share. The offer represents a rich premium of about 50% over the sub-$20 price that the stock settled with this past Friday. The offer's total consideration stands at approximately $2.4 billion. eBay announced that the deal is expected to close in the third quarter and that it will be financed with both cash and debt.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.