HC2 Holdings (HCHC) Gains on Bid for Andersons

HC2 Holdings Inc (NYSE MKT: HCHC) shares gained 1.8% to $4.06. The company announced Tuesday that it has sent a letter to Andersons Inc Chairman Michael J. Anderson, with an offer to acquire Andersons for $37 per share in cash or $1.043 billion in total, plus the assumption of $402 million in debt. Share volume was 318,000