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Thursday, November 11, 2010

Optelecom Receives 2.45$/share All Cash Deal

Shares of Optelecom-NKF, Inc. were up over 50% in pre-market Thursday morning as THK Group announced it has entered a definitive agreement to purchase all of OPTC's outstanding shares for $2.45 per share. (NASDAQ: OPTC) was trading at $1.58/share before the announcement. In premarket, shares shot up over $0.81 to $2.39.