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Ruckus Wireless (RKUS +16.7%) soared over the course of the day after Motorola Mobility (GOOG)...

  • Friday, February 8, 5:54 PM ET
    Ruckus Wireless (RKUS +16.7%) soared over the course of the day after Motorola Mobility (GOOG) disclosed a 4M-share (5.4%) stake in the service provider Wi-Fi hardware maker. Does Google, a major backer of public Wi-Fi networks, have a partnership in mind? (13G) Update: The disclosure is for an investment made by Motorola prior to Ruckus' IPO.
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This news story has 4 comments:

  •  
    I was wondering all day why it was soaring but I could not find any information!
    8 Feb, 06:20 PM Reply Like
  •  
    Google has had a 5% interest in RKUS since the IPO. It's been disclosed since November: http://on.wsj.com/WMnczv
    9 Feb, 02:00 PM Reply Like
  •  
    Is this a takeover target! Hold for the takeover or play it another way?
    10 Feb, 10:28 AM Reply Like
  •  
    According to the prospectus, Ruckus cannot enter into any business with an interested stockholder for a period of 3 years after the IPO, and then only with a 66 2/3% vote of the shareholders.
    11 Feb, 12:42 AM Reply Like
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