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Resource America (REXI) Stock Skyrockets, C-III Capital Partners to Acquire

NEW YORK (TheStreet) -- Shares of Resource America (REXI) are surging 48.92% to $9.62 on heavy trading volume Monday afternoon as the company agreed to be acquired by C-III Capital Partners for about $207 million.

C-III Capital will pay $9.78 per share in cash for the Philadelphia-based asset management company, which...