BUZZ-Professional Diversity Network Inc: To acquire NAPW Inc

July 14 Mon Jul 14, 2014 12:33pm EDT

July 14 (Reuters) - ** Online professional network operator's shares up 15.5 pct at $4.88 after deal to take over owner of National Association of Professional Women

** NAPW will become a wholly owned subsidiary

** Company will issue 6.3 million shares for all outstanding shares of NAPW and pay $3.5 million in cash to sole shareholder of NAPW

** Will integrate online and off-line network of over 600,000 professional women