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Why Analysts International Investors are 60 Percent Richer Wednesday (ANLY)

Shares of Analysts International Corp (NASDAQ: ANLY) are soaring in premarket trading. Investors have bid the stock up 60 percent this morning as the company announced that it was being acquired by American CyberSystems for $35 million or $6.45 per share–an impressive 62 percent premium over AIC’s average closing price over the past 30 days and a 60 percent premium to yesterday’s close.

According to the press release, AIC’s Board of Directors has already approved the transaction that is expected to close by the end of this year and will make AIC a privately held company.

“American CyberSystems continues to experience tremendous growth in the marketplace. The acquisition of AIC allows us to accelerate our plans for growth in specific desirable geographies and capitalize on marquee customer opportunities,” said Raj Sardana, ACS Chairman and CEO. “The AIC legacy of service excellence will remain intact and will be a strong complement to ACS and our combined customer base.”

Never heard of AIC? Here’s the rundown from the press release:

“Analysts International Corporation is an IT services firm fully dedicated to the success and satisfaction of its clients. From IT staffing to project-based solutions, AIC provides a broad range of services designed to help businesses and government agencies drive value, control costs and deliver on the promise of a more efficient and productive enterprise. AIC offers a flexible, collaborative approach; clear industry perspective; and the breadth, scale and experience to deliver results.”

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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