Morning Market Movers (GTEC, ASGR, LSBK, DUSA)
Global Defense Technology & Systems Inc (NASDAQ: GTEC) jumped 50.44% to $24.19 at 9:55 am. GTEC entered into an agreement to be purchased by an affiliate of Ares Management LLC through a cash tender offer at $24.25 per share.
America Service Group Inc (NASDAQ: ASGR) shares surged 48.36% to $25.95. ASGR entered into an agreement to be acquired by Valitas Health Services for $26.00 per share or $250 million. ASGR reported its Q4 net income at $1.6 million, versus a net loss of $236,000, in the year-ago period.
Lake Shore Bancorp Inc (NASDAQ: LSBK) shares advanced 33.33% to $14.00. LSBK's trailing-twelve-month operating margin is 22.85%.
DUSA Pharmaceuticals Inc (NASDAQ: DUSA) climbed 29.07% to $4.13. DUSA reported a 45% y/y surge in its Q4 domestic PDT revenue.
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