November 12, 2018 / 6:23 AM / in a month

BUZZ-India's AGC Networks surges; unit to buy Black Box Corp

** Shares of information and communication technology provider AGC Networks Ltd rise as much as 16.7 pct to 74.80 rupees in their biggest intraday pct gain since December 2017

** AGC says its Singapore unit will buy Nasdaq-listed IT infrastructure services provider Black Box Corp for $16.6 mln in cash

** Deal is expected to add over $600 mln in annual revenue for AGC

** AGC shares rise to their highest since Sept. 27

** About 16,300 shares change hands, vs the 30-day moving avg of 9,969 shares

** Stock down 49.96 pct this year as of last close

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