Morning Market Movers

Ditech Networks DITC surged 75.76% to $1.42 at 9:55 am. Nuance Communications NUAN announced its plans to buy Ditech Networks for $1.45 per share in cash. Iridium Communications IRDMW surged 20.91% to $1.33. Iridium Communications' stock has a 52-week low of $0.88. Kingsway Financial Services KFS climbed 16.02% to $2.10. Kingsway Financial Services is restructuring its Insurance Services and Insurance Underwriting segments. Prima Biomed Ltd PBMD shares advanced 16% to $6.96. Prima Biomed had $40.16 million in total cash and no debt for the latest quarter.