M & F Worldwide Corp Trading over 44% Higher after Earlier Announced Acquisition for $24/Share

MacAndrews & Forbes Holdings Inc. today announced that it has proposed a transaction pursuant to which M & F Worldwide Corp. MFW would be merged with a subsidiary of M&F and all outstanding shares of common stock of MFW not owned by M&F would be converted into the right to receive $24.00 in cash per share. Read more here.