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NEW YORK MarketWatch shares rose $1.33 or nearly 8 percent to close on the Nasdaq today at $18.12, following yesterday’s announcement that Dow Jones & Co. plans to buy the operator of MarketWatch.com and BigCharts.com in an all-cash transaction valued at about $519 million.
Dow Jones’ stock closed on the New York Stock Exchange today at $45.10 per share, up 10 cents or 0.22 percent.
The acquisition, subject to customary regulatory approvals and the vote of MarketWatch shareholders, calls for New York-based Dow Jones to pay $18 per fully diluted common share.
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