ActivIdentity Skyrockets On News Of Purchase

Posted in pre-market 
October 12th, 2010

At 8:35 AM EST, ActivIdentity Corporation (NASDAQ: ACTI) is up 42.48% from $2.26 to $3.22.  The digital authentication and credential management company has also traded 786,400 shares alread, compared to their average of 145,205.  This increase in activity is the result with this morning’s announcement that the company will be bought out by the Swedish Assa Abloy for $162 million, or $3.25 a share.  The move comes during a 52-week period of $1.77 to $3.33.

-Michael B. Sauter

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