On2 Price Volume Surge on Google Deal (ONT, GOOG)

Posted in pre-market 
August 5th, 2009

On2 Technologies, Inc. (NYSE Amex: ONT) is being acquired by Google Inc. (NASDAQ: GOOG) for its video compression technology. On2 holders will receive common stock that will be converted into $0.60 worth of Google class A common stock in a stock-for-stock transaction valued at approximately $106.5 million.  On2 closed at $0.38 yesterday… at 8:03 AM EST we have seen 49,000 shares trade hands and the stock is up at $0.60-$0.65 on last look. -JON OGG

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