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American Tower Corp. (NYSE: AMT) shares spiked 4.60 to close at $71.91 share Friday. The stock traded between $70.71 and $72.44 on volume of 6.81 million shares traded. The company announced it has agreed to acquire MIP Tower Holdings LLC, a private real estate investment trust, for a total purchase price of approximately $4.8 billion. Shares of American Tower have gained approximately 125.0 percent year-to-date.
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Korn/Ferry International (NYSE: KFY) shares soared 11.06 percent to close at $20.79 a share Friday. The stock traded between $19.35 and $20.93 on volume of 1.14 million shares traded. The company reported fee revenue of $228.4 million for the first quarter of fiscal 2014, an increase of 22 percent when compared to a year ago. Shares of Korn/Ferry International have gained approximately 31.0 percent year-to-date.
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LTX-Credence Corp. (NASDAQ: LTXC) shares soared 37.86 percent to close at $5.79 a share Friday. The stock traded between $4.90 and $5.87 on volume of 5.54 million shares traded. The company announced plans to acquire the Multitest and Everett Charles Technologies businesses of Dover Corporation for approximately $93.5 million. Shares of LTX-Credence have fallen approximately 12.0 percent year-to-date.
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The Timken Company (NYSE: TKR) shares increased 2.09 percent to close at $61.52 a share Friday. The stock traded between $61.13 and $63.10 on volume of 2.95 million shares traded. The company announced plans to spin off its steel business into a separate company. Shares of The Timken Company have gained approximately 28.0 percent year-to-date.
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