ValueClick Continues to Gain on Rumors

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Shares in ValueClick Inc. continued to soar as rumors of an acquisition swirled, stoking investor interest.


Shares in the Westlake Village on-line ad broker, which shot up more than 7 percent Monday, were up nearly 11 percent in late trading Tuesday.


The flames of a deal have been fanned then doused, several times in the past few months. Speculation that Time Warner Inc.’s AOL unit was kicking the tires of the company made the rounds Monday morning after Time Warner’s chief executive, Richard Parsons, said at a conference that more acquisitions could occur to help AOL grow its platform.


No deal, talks or offers have been confirmed from ValueClick or AOL.


Shares in the company dropped more than 50 percent from the end of May to the beginning of August after ValueClick disclosed that it was the subject of an investigation by the Federal Trade Commission on how it generated business. The company also reported poor earnings during that span.


But shares have added 25 percent since mid August. Shares were up nearly 11 percent, or $2.66, to $24.66 in afternoon trading Tuesday on the New York Stock Exchange.

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