On Assignment Inc. (ASGN) announced Wednesday morning that it has signed a definitive agreement to acquire ECS Federal LLC from Roy Kapani, the company's majority owner and founder, and Lindsay Goldberg, a private investment firm, for $775 million in cash.
On Assignment rose steadily during the first hour of trade Wednesday and advanced further in the early afternoon. The stock closed up by 7.69 at $76.57 on strong volume. On Assignment surged to a new high for the year.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com