Morning Market Movers
Interline Brands Inc (NYSE: IBI) climbed 40.16% to $25.15. IBI agreed to be acquired by affiliates of GS Capital Partners LP and P2 Capital Partners for $25.50 per share in cash.
China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) surged 29.70% to $1.31. CNTF shares have tumbled 81.96% over the past 52 weeks, while the S&P 500 index has dropped 1% in the same period.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.