Shares of Convio Inc.
(NASDAQ: CNVO) are soaring in trading today after the Austin, Texas-based
company agreed to be acquired by Blackbaud Inc. (NASDAQ: BLKB).Under the terms of
the agreement, Blackbaud will acquire Convio for $16 per share.
Convio shares rose to a
new 52-week high of $15.91 in trading, and at last check, the stock was up
nearly 48% on above average volume. The rally has pushed Convio shares above
their 50-day and 200-day moving averages.
To get more information
on Convio Inc. please click here…
