Stock Soars upon Acquisition of Modular Builder

Updating a post MHProNews published April 4, 2014 regarding Aetrium Inc.’s acquisition of modular builder KBS Building Systems of Maine, the shares of Aetrium skyrocketed 42 percent the day after the acquisition was announced. The firm has been constructing machines that handle and test computer chips since 1982, according to startribune.com, and the acquisition was seen as a response to dissident shareholders who have complained about Aetrium’s lackluster performance in recent years: The stock dropped 61 percent during the last five yeas, 46 percent in the last year alone. A relatively minor player in the computer chip industry, an unanswered question is whether the company will leave that market altogether. ##

(Image credit: KBS Building Systems-two story modular home)

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