Morning Market Movers
Endocyte Inc (NASDAQ: ECYT) shares advanced 106.58% to $7.85 at 9:45 am. Merck (NYSE: MRK) and Endocyte have entered into an exclusive worldwide agreement to develop and commercialize Phase III cancer candidate vintafolide.
The Edelman Financial Group Inc (NYSE: EF) surged 40.94% to $8.71. EF signed going-private transaction for $8.85 per share in cash.
Vringo Inc (NYSE Amex: VRNG) climbed 34.87% to $4.10. Investor and Dallas Mavericks owner Mark Cuban has bought a 7.4% stake in Vringo.
Dreams Inc (NYSE Amex: DRJ) surged 30.27% to $3.40. Fanatics announced its plans to acquire Dreams for $3.45 per share in cash.
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