DTPI Surges On Acquisition News

Shares of Diamond Management & Technology Consultants Inc DTPI are rising on the acquisition news. DTPI’s shares rose 30.50% to $12.45 at 12:00 pm. PricewaterhouseCoopers LLP has agreed to buy all of the outstanding common shares of DTPI for $378 million or $12.50 per share in cash, representing a premium of 31% to DTPI's closing price on August 23, 2010. Diamond Management & Technology Consultants’ shares have lost 11.09% over the last month, while moving up 31.95% so far this year. Read more from Benzinga's Company news.