(EMAILWIRE.COM, March 04, 2010 ) Dallas, Tx - SouthWest Water Company (NASDAQ:SWWC) increased 46.82% to $10.38 on 12.58 million shares after the company announced it has entered into a definitive merger agreement to be acquired for approximately $275 million in cash, or $11.00 per share, by institutional investors advised by J.P. Morgan Asset Management and Water Asset Management L.L.C. (the partnership).
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Novell, Inc. (NASDAQ:NOVL) went up 28% to $6.08 on 141.33 million shares after Elliott Associates, L.P., a institutional stockholder of Novell, Inc., announced that it has offered to purchase the entire Company for $5.75 per share in cash, which implies an enterprise value net of cash of $1.0 billion.
Andatee China Marine Fuel Services Corporation (NASDAQ:AMCF) advanced 19.90% to $7.11 on 2.49 million shares after the company today announced financial results for the fourth quarter and fiscal year ended December 31, 2009. For the fourth quarter 2009, total revenues were approximately $39 million, up 173% from $14.3 million in the fourth quarter of 2008. Gross profit for the fourth quarter of 2009 was $3.9 million, compared to $(1.1) million during the same comparable period.
Medivation, Inc. (NASDAQ:MDVN) lost 67.45% to $13.10 on 45.05 million shares after the company announced results from two Phase 3 trials of the investigational drug dimebon (latrepirdine) in patients with Alzheimer's disease (AD). In the CONNECTION trial, dimebon did not meet its co-primary or secondary efficacy endpoints compared to placebo.
VisionChina Media Inc (NASDAQ:VISN) fell 37.93% to $5.09 on 13.93 million shares after the company reported net income of $5.63 million in the final quarter of 2009, down 21.6% quarter-on-quarter, bringing quarterly earnings per share to $0.08. Total revenues in the quarter increased 3.4% from the prior quarter to $31.83 million.
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