Morning Market Movers (MSSR, ZNWAW, TFCO, VVUS)
McCormick & Schmick's Seafood Restaurants Inc (NASDAQ: MSSR) shares surged 28.79% to $9.17 at 9:50 am. Landry Restaurant Inc's Chief Executive Tilman Fertitta announced his plans to launch a hostile bid for MSSR, valuing the company at around $137.3 million.
Zion Oil & Gas Inc (NASDAQ: ZNWAW) shares advanced 20.82% to $4.70. ZNWAW had $11.68 million in total cash and no debt for the recent quarter.
Tufco Technologies Inc (NASDAQ: TFCO) jumped 13.49% to $4.00. TFCO shares have dropped 14.15% over the past 52 weeks, while the S&P 500 index has gained 12.21% in the same period.
VIVUS Inc (NASDAQ: VVUS) climbed 12.52% to $7.10. VVUS reported that its weight loss drug Qnexa helped lower blood pressure levels.
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