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Why Leaf Group Stock Soared Today

TheMotleyFool

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Shares of Leaf Group (NYSE: LEAF) surged 21% on Monday after it agreed to be acquired by Graham Holdings (NYSE: GHC).

Graham Holdings will acquire all of Leaf Group's outstanding stock for $8.50 per share, representing a 21% premium to its closing price on April 1. The all-cash deal values Leaf Group at roughly $323 million.

Image source: Getty Images.

Source Fool.com

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