March 9, 2016 / 5:33 PM / a year ago

BUZZ-Axia NetMedia Corp: To be taken private

1 Min Read

** Canadian fiber optic network provider's shares up 47.4 pct at C$4.20

** Stock rises as much as 47.5 pct to 8-1/2-year high of $4.21

** Company to be taken private by Partners Group for $4.25 per share, or $272 mln

** Offer price represents 49 pct premium to stock's Tuesday close

** Up to Tuesday's close, stock had fallen about 11 pct in past 12 months

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