National Dentex Corp. (NADX) Scales To a Fresh 52 Week High With Strong Volumes

National Dentex Corporation (NASDAQ: NADX), one of the largest operators of dental laboratories in North America, has announced that it has entered into a definitive agreement and plan of merger to be acquired by GDC Holdings, Inc. (GDC), which is a holding company of GeoDigm Corporation (GeoDigm). National Dentex’s (NADX) shareholders will receive $17.00 in cash for each share of National Dentex (NADX) share they hold, representing a premium of approximately 70% over National Dentex’s most recent closing share price of $10.02 on last Thursday.

Following the announcement, National Dentex Corporation (NADX) soared 68% to $16.84 by early afternoon trading on Monday with strong volumes. The move to a 52 week trailing high in National Dentex Corporation (NADX) indicates a fresh breakout in the stock.