Bare Escentuals, Inc. (NASDAQ: BARE) is soaring this morning as the NASDAQ’s top gainer, on a buyout. The all-natural cosmetics maker is being acquired by Japan’s Shiseido for $1.7 billion. This comes to $18.20 per share. The 52-week trading range is $2.45 to $14.87. At 7:57 AM EST we have seen a rise of more than 40% to $18.07 and we have seen 235,000 shares trade hands. Average volume is just over 1 million shares. Keep in mind that this was a $30 to $40 stock back in 2006 and 2007 after it came public and it was north of $20 before the stock fell off a cliff in mid-2008. This is a high-premium buyout, yet it will be challenged by some holders most likely.
JON C. OGG
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