Libbey To Buy Vitrocrisa

Libbey Inc. (LBY) will pay $80 million in cash to acquire the remaining 51% of Vitrocrisa Holdings S de RL that it does not own. Vitrocrisa is a subsidiary of Vitro SA (VTO). Libbey stock surged $2.26 to close at $9.34 while shares of Vitro edged up 15 cents to close at $2.90.