Market Overview

Morning Market Movers (TSTY, GLBC, AMMD, LVLT)

Tasty Baking Company (NASDAQ: TSTY) shares surged 146.58% to $3.97 at 9:45 am. Flowers Foods Inc (NYSE: FLO) announced its plans to acquire TSTY for about $4.00 per share.

Global Crossing Ltd (NASDAQ: GLBC) shares advanced 77.70% to $26.30. Level 3 Communications Inc (NASDAQ: LVLT) agreed to purchase GLBC for about $1.9 billion.

American Medical Systems Holdings Inc (NASDAQ: AMMD) jumped 32.11% to $29.50. Endo Pharmaceuticals Holdings Inc (NASDAQ: ENDP) agreed to purchase AMMD for about $2.6 billion in cash.

Level 3 Communications Inc (NASDAQ: LVLT) climbed 25.65% to $1.81. LVLT agreed to purchase Global Crossing Ltd (NASDAQ: GLBC) for about $1.9 billion.

Read more from Benzinga's Markets.

Posted-In: Morning Market MoversNews M&A Intraday Update Markets Movers

 

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