Morning Market Movers
Synovis Life Technologies Inc (NASDAQ: SYNO) shares surged 50.54% to $27.76 at 9:45 am. Baxter International Inc (NYSE: BAX) announced its plans to acquire Synovis Life Technologies for $28 per share.
Seaspan Corporation (NYSE: SSW) climbed 28.23% to $13.40. SSW announced its plans to acquire Seaspan Management Services Limited in a stock-based transaction.
Cabot Microelectronics Corp (NASDAQ: CCMP) surged 19.35% to $47.99. CCMP intends to pay a special cash dividend of $15 per share and authorized a rise in its existing share repurchase program to $150 million.
YM BioSciences Inc (AMEX: YMI) shares advanced 18.49% to $1.73. YMI reported updated results from the ongoing Phase I/II study of its JAK1/JAK2 inhibitor, CYT387 at the 53rd Annual Meeting of the American Society of Hematology underway in San Diego, CA.
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