|Bid||0.00 x 1000|
|Ask||0.00 x 3000|
|Day's range||16.26 - 16.55|
|52-week range||6.61 - 18.49|
|Beta (5Y monthly)||1.72|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.13 (0.82%)|
|Ex-dividend date||19 Apr 2021|
|1y target est||20.62|
Shares of Raven Industries (NASDAQ: RAVN) climbed nearly 50% at the open on Monday after the agriculture tech company announced plans to be acquired by CNH Industrial (NYSE: CNHI). CNH is paying a large premium to get the deal done, and Raven shares are reacting accordingly. Before markets opened on Monday CNH said it has a deal in place to acquire Raven for $58 per share, a 33.6% premium to Raven's average stock price over the past four weeks.
CNH Industrial has struck a $2.1 billion deal to buy Raven Industries to bolster its agricultural equipment business, as the Italian-American vehicle maker prepares to spin off its truck, bus and engine operations. Raven shares rose by 50% in New York early Monday, lifting its market capitalization into line with the terms proposed by CNH Industrial, whose Milan-listed stock turned slightly positive after initially falling by as much as 5.6%. CNH Industrial is the world's second largest agricultural equipment maker after John Deere, operating under the New Holland, Case IH and Steyr brands.