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Recall from our class notes that AAPL announced its plans to acquire Authentec on July, 27, 2012 at $8 per share. Then, Authentec share price

Recall from our class notes that AAPL announced its plans to acquire Authentec on July, 27, 2012 at $8 per share. Then, Authentec share price jumped to $8.60 and remained above for $8.25 for several days. The price of the Authentec was around $5.5 before merger announcement. What is the anomaly here? How can it be possible?

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