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Actian to Acquire Pervasive Software for $9.20/Share
Pervasive Software Will Solicit Bids from Interested Parties

Phoenix Companies (NYSE: PNX) shares advanced 1,925.50% to $30.18 at 9:45 am. Phoenix Companies reported that its 1-for-20 reverse stock split of its common stock became effective following market close on August 10, 2012.

Pervasive Software (NASDAQ: PVSW) surged 24.58% to $8.16. Actian offered $139 million to buy Pervasive Software.

Reading International (NASDAQ: RDIB) climbed 19.79% to $5.99. Reading's trailing-twelve-month revenue is $250.18 million.

Tranzyme (NASDAQ: TZYM) surged 16.98% to $4.96. Canaccord upgraded Tranzyme from “hold” to “buy.”

Posted-In: News Intraday Update Markets Movers


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