Why Shares of ManTech International Are Rocketing Higher Today

Why Shares of ManTech International Are Rocketing Higher Today

Shares of company ManTech International (NASDAQ: MANT) jumped more than 16% on Monday after the government contractor agreed to be acquired in a deal valued at $4.2 billion. Investors had reason to believe the company was fielding offers, and ManTech on Monday announced it had found a buyer willing to pay a sizable premium. ManTech is a defense IT contractor that generates nearly half of its revenue from the intelligence community.