XPEC shares make strong comeback after early plungeTAIPEI--Shares of XPEC Entertainment Inc. (樂陞), a local gaming software developer, made a significant comeback in the Thursday morning session, jumping from an early 10 percent dive caused by a botched tender offer that left many investors stunned, dealers said. Acquisition Tender OfferThe acquisition through the tender offer was valued at NT$4.86 billion. After the announcement of the tender offer, many investors rushed to pick up XPEC shares in a bid to participate in the tender offer. The buying lifted XPEC shares to a recent high of NT$114 June 1. More than 3,000 XPEC investors formed a self-help association for their massive losses caused by the failed tender offer.

Source: The China Post September 08, 2016 17:48 UTC