(Reuters) - Shares of the Carencro, Louisiana-based company were up more than 5 percent at $9.78 in afternoon trade on the Nasdaq. They had risen almost 10 percent after the announcement.
While the stock may have risen on expectation of a possible sale, it can not be ruled out that the company itself might be evaluating a larger acquisition on its own, Thompson Davis & Co. analyst Jeremy Hellman said in an e-mail to Reuters.
Read more at Reuters.com Mergers News
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