Market Overview

Morning Market Movers

Related IDIX
Biotech ETFs Hitting New Highs On Takeover News (FBT, PBE, ITMN)
UPDATE: Deutsche Bank Initiates Coverage On Merck
Stocks Poised to Slip from Record Highs (Fox Business)
Related MRK
Merck Presents First Phase 3 Data In Japanese Patients for Omarigliptin, An Investigational Once-Weekly DPP-4 Inhibitor For Type 2 Diabetes
Is Merck & Co., Inc. A Leader In A Red Hot Market?
Week Ahead: July Jobs Report, FOMC and GDP (Fox Business)

Idenix Pharmaceuticals (NASDAQ: IDIX) jumped 231.95% to $24.00 after Merck (NYSE: MRK) announced its plans to acquire Idenix for $24.50 per share in cash.

Achillion Pharmaceuticals (NASDAQ: ACHN) climbed 40.63% to $4.05 on news of Merck-Idenix deal.

Hittite Microwave (NASDAQ: HITT) shares surged 28.52% to $77.83 after Analog Devices (NASDAQ: ADI) announced its plans to buy Hittite Microwave for $78 per share in cash.

Kelly Services (NASDAQ: KELYB) shares jumped 37.45% to $25.62.

Family Dollar Stores (NYSE: FDO) shares gained 13.58% to $68.75 after Carl Icahn disclosed a brand-new 9.39% stake in the company.

Dollar General (NYSE: DG) shares surged 10.79% to $64.25 on news of Carl Icahn's 9.39% stake in Family Dollar Stores (NYSE: FDO).

The Hillshire Brands Company (NYSE: HSH) rose 4.74% to $61.71 after Tyson Foods (NYSE: TSN) announced it has submitted a unilaterally binding offer to buy Hillshire for $63 per share in cash.

Posted-In: market moversNews Intraday Update Markets Movers

 

Related Articles (ACHN + ADI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters