Cable operator RCN Corp. (NASDAQ:RCNI) announced this morning that it will be purchased by a private equity firm for more than $530 million. RCN Corp. trades on the “NASDAQ” under the stock symbol “RCNI”. For more information regarding “RCNI” make sure to visit the Most Exclusive and Leading in Depth newsletter website at: http://www.wallstreetgrand.com/.
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Cable operator RCN Corp. (NASDAQ:RCNI) announced this morning that it will be purchased by a private equity firm for more than $530 million. The deal is anticipated to be completed within the last 6 months of the year. RCN is permitted to inquire about other buyout proposals through April 14. Also, shares of RCN Corp, which is headquartered out of Herndon, Virginia, boosted from$2.80 to 15.06 in early trading.
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