TakeCare Inc. Stock Soars

Betting on a bidding war regarding TakeCare Inc., a health maintenance organization that recently agreed to merge with FHP International Inc. in Fountain Valley, investors flocked to the company Thursday, driving its stock up 4.5%. Shares of Concord-based TakeCare traded at 100 times its normal volume Thursday, which followed an announcement that a group of disgruntled shareholders are suing TakeCare for agreeing to be bought out by FHP, when another offer by a Minnesota company was more lucrative. TakeCare stock closed $63.25 a share on the Nasdaq market, up $2.75 a share from Wednesday. FHP stock closed at $28.75 on Nasdaq trading, down 25 cents.