Circuit City Rises After Providing Due Diligence Info To Blockbuster, Icahn, Reaches Deal With Wattles Capital Management

Posted on Friday, May 09, 2008 4:25 PM
(RTTNews) - Circuit City (CC) gapped open higher but moved with uncertainty throughout most of Friday’s trading. The rise came after the company provided due diligence information to Blockbuster (BBI) and billionaire investor Carl Icahn and reaches a deal with Wattles Capital Management. The stock took back losses posted on Thursday and finished at its highest level since Wednesday, up 28 cents at $5.07. On the other hand, Blockbuster closed the session down 2 cents at $2.66. For comments and feedback: contact editorial@rttnews.com
Stocks To Watch Today: MS, AKS, MON, ACI, NSM, MEE, MGM, FFIV, NVS, GSK, EQ (Click Symbol For Latest News)

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