Recovering from a rough quarter for their stock, Verio (VRIO) shareholders should welcome the company's acquisition.
Verio has a trophy case for its nearly 50 acquisitions, but now the Web hoster is being snagged by an even bigger fish. The company announced that it will be purchased by NTT Communications, a division of NTT (NTT). NTT, Japan's second-largest company as measured by market capitalization, will pay $60 per share, which works out to nearly $5.5 billion.
George Nichols does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.