Liquidity Services Among These Stocks Achieving 52-Week Highs Wednesday

Liquidity Services (NASDAQ:LQDT): Liquidity Services announced it has agreed to acquire GoIndustry DoveBid, a provider of surplus asset management, auction and valuation services, for 73 pence per share and assumed indebtedness, or total consideration of approximately $31M. The all-cash transaction is expected to close on or about July 1 and is subject to regulatory and GoIndustry shareholder approval, as well as other customary closing conditions. The shares closed at $65.26, up $2.52 or 4.02% on the day. They have traded in a 52-week range of $18.28 to $56.41.

Hilltop Holdings Inc (NYSE:HTH): Hilltop Holdings and Dallas-based PlainsCapital Corporation, the financial services holding company for PlainsCapital Bank, PrimeLending, and FirstSouthwest, have signed a definitive merger agreement pursuant to which PlainsCapital Corporation will become a subsidiary of Hilltop. The purchase consideration to PlainsCapital Corporation common shareholders includes approximately 27.5 million shares of Hilltop common stock and $318M of cash. Each share of PlainsCapital Corporation common stock will be converted into the right to receive $9.00 in cash and 0.776 shares of Hilltop common stock. The merger is expected to be completed prior to the end of 2012. Certain directors and officers of both companies have provided voting agreements to support the transaction. The shares closed at $9.75, up $1.79 or 22.49% on the day. They have traded in a 52-week range of $6.88 to $10.02.

Quest Software (NASDAQ:QSFT): Quest Software announced the expiration of the 60-day go-shop period provided for under the terms of the previously announced merger agreement between the Company and affiliates of Insight Venture Partners. During the go-shop period, representatives of Morgan Stanley, financial advisor to a Special Committee of the Company’s Board of Directors, engaged in a broad solicitation of strategic and financial parties potentially interested in pursuing an alternative transaction with the Company. Prior to the expiration of the go-shop period, the Special Committee received multiple written proposals for potential alternative transactions with the Company. After consulting with its financial and legal advisors, the Special Committee has determined, pursuant to Section 5.2(NYSE:A) of the Merger Agreement, that multiple proposals are reasonably expected to lead to a superior proposal, and also has determined that the parties from which the Special Committee received these alternative proposals are Qualified Go-Shop Bidders. The shares closed at $25.17, up $2.33 or 10.2% on the day. They have traded in a 52-week range of $14.61 to $26.15.

Susser Holdings Corp (NASDAQ:SUSS): Susser Holdings reaffirms 2012 SSS view of 3%-6% growth. The shares closed at $29.57, up $1.25 or 4.41% on the day. They have traded in a 52-week range of $13.96 to $28.45.

Toll Brothers Inc. (NYSE:TOL): Cites no competition in Detroit, and sees an encouraging momentum shift in the city. The shares closed at $26.96, up $0.88 or 3.37% on the day. They have traded in a 52-week range of $13.16 to $25.80.

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