Is something going on with Extreme Networks (EXTR)?
The networking hardware company’s shares today have jumped 18 cents, or 5.9%, to $3.25; volume totals 2.56 million shares, about triple the daily average. According to one institutional investor in the shares, there are rumors that the company might be an acquisition target for privately held Enterasys, which has apparently acknowledged that it is actively hunting for acquisitions.
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