These 10 Stocks Posted Double-, Triple-Digit Gains Last Week

4. Radius Recycling Inc. (NASDAQ:RDUS)

Radius Recycling soared by 102.8 percent week-on-week following news that it was set to be acquired by Toyota Tsusho America, Inc. for $1.34 billion.

In a statement, RDUS said it had entered into a definitive merger agreement with Toyota Tsusho for the acquisition of all RDUS shares at a price of $30 apiece.

The purchase price represents a 119-percent premium from RDUS’s closing price of $13.66 on March 13, prior to the acquisition announcement.

The transaction expects the two firms to join forces in advancing the circular economy by increasing recycling and reducing waste across the industrial, manufacturing, and retail sectors.

RDUS said even with the completion of the transaction, it would continue to operate from its current headquarters in Portland, Oregon with its teams, operating facilities, strategy, and brands retained.