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Visonic Soars Most on Record on Talks to Be Acquired By Tyco
Visonic Ltd. (VSC) surged the most on record after the Israeli maker of security-alarm systems said it is in talks to be acquired by Tyco International Inc. based on a company value of $90 million to $105 million.
The shares rose 76 percent, the biggest increase since at least April 2006 when Bloomberg began tracking the stock, to 5.86 shekels at the 4:30 p.m. close in Tel Aviv, giving the company a market value of 245 million shekels ($72 million).
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