Technology stocks were rallying premarket Wednesday. The iShares Semiconductor ETF (SOXX) was climbing past 1% and the Technology Select Sector SPDR Fund (XLK) was recently up 0.6%.
TESSCO Technologies (TESS) was gaining over 87% in value after saying it has signed a definitive agreement with Lee Equity Partners and Twin Point Capital to be acquired for $9 per share in cash, valuing the technology distributor at about $161.4 million.
National Instruments (NATI) was up more than 9% after confirming an $8.2 billion agreement to be acquired by Emerson Electric (EMR).
IAC (IAC) was over 1% higher after saying it has completed its acquisition of the land under its New York City headquarters located at 555 West 18th Street for $80 million in cash.
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