CIRC is trading at $0.60, up 10.28% in after-hours trading amid SThree’s rejection of Circle8’s takeover proposal; the rejection explains the day’s earlier weakness, but available reporting does not establish why it reversed higher after hours.
- SThree unanimously rejected the proposal on September 11, saying it significantly undervalued the company.
- The proposal remains preliminary and non-binding, with no certainty Circle8 will make a firm offer.
- Broader markets were strongly positive; CIRC’s extended-hours volume and activity level were unavailable.