Shares of WCA Waste Corporation (NASDAQ: WCAA) are
soaring in trading today after the Houston, Texas-based company agreed to be
acquired by Macquarie Infrastructure Partners II (MIP II). Under the terms of
the agreement, MIP II will acquire all outstanding shares of WCA common stock
for $6.50 per share in cash.
WCA shares rose to a new 52-week high of $6.43 in
trading today. At last check, the stock was up more than 30% on above average
volume. The rally has pushed WCA shares above their 50-day and 200-day moving
averages.
To get more information on WCA Waste Corporation please click here…
