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Morning Market Movers: The Bank of Kentucky Financial Corp., BB&T Corporation & More

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The Bank of Kentucky Financial Corp. (NASDAQ: BKYF) shares jumped 28.74% to $46.67 after BB&T Corporation (NYSE: BBT) announced its plans to acquire The Bank of Kentucky in a cash and stock transaction.

Multimedia Games Holding Company Inc (NASDAQ: MGAM) shares surged 28.71% to $35.76 as the company agreed to be acquired by Global Cash Access Holdings (NYSE: GCA) for $36.50 per share in cash.

RADA Electronic Industries (NASDAQ: RADA) gained 15.87% to $2.92.

Mast Therapeutics (NYSE: MSTX) rose 7.01% to $0.67 after the company reported positive top-line results from the Phase 2 study for AIR001.

Prosensa Holding NV (NASDAQ: RNA) rose 4.33% to $9.40 after the company reported that results confirmed the positive outcome of Demand II study, which met its primary endpoint, with no reported major safety concerns.

Allot Communications (NASDAQ: ALLT) shares gained 4.14% to $11.57 after the company received an expansion order of $15 million from a Tier-1 Operator.

Hertz Global Holdings (NYSE: HTZ) shares gained 3.87% to $29.56 after the company announced the resignation of its CEO Mark Frissora. The company named Brian MacDonald as its interim CEO and Linda Fayne Levinson as independent non-executive chair of the board.

Rackspace Hosting (NYSE: RAX) shares climbed 3.49% to $38.54 on the Bloomberg report that CenturyLink (NYSE: CTL) is seeking to acquire the company.

Glu Mobile (NASDAQ: GLUU) shares jumped 3.48% to $5.35. Form 8-K from Glu Mobile showed that the company and Kim Kardashian have extended license deal for games from six months to one year.

Posted-In: market moversNews Intraday Update Markets Movers

 

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