Market Overview

Morning Market Movers

Global Education and Technology Group (NASDAQ: GEDU) shares surged 97.39% to $10.60 at 9:45 am. Pearson PLC (NYSE: PSO) has agreed to buy Global Education and Technology Group for $155 million in cash.

Pharmasset Inc (NASDAQ: VRUS) surged 85.43% to $134.75. Pharmasset agreed to be bought for $137 per share in cash by Gilead Sciences Inc (NASDAQ: GILD).

Inhibitex Inc (NASDAQ: INHX) climbed 31.91% to $11.78. INHX shares have jumped 302.25% over the past 52 weeks, while the S&P 500 index has gained 1.49% in the same period.

eLong Inc (NASDAQ: LONG) shares advanced 21.69% to $17.00. Renren Inc (NYSE: RENN) sold its investment in eLong to Expedia Inc (NASDAQ: EXPE) for around $72.4 million.

Posted-In: Morning Market MoversNews Markets Movers

 

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