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TRM stock bounces back after ATM-sale announcement
January 25, 2007
The Oregonian:After TRM Corp. announced Jan. 24 that it plans to sell its U.K. and German ATM operations to NoteMachine Ltd., its stock price jumped 44 percent. TRM has been selling assets to pay off debt. Analysts raised their assessment of the company's position and investors went on a buying spree, raising the stock price 98 cents, from $2.22 to $3.20.
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