Mid-Day Market Movers (BKC, OREX, SCMR, HWD)
Tags: Mid-Day Market Movers
Burger King Holdings Inc (NYSE: BKC) jumped 24.70% to $23.41 at 10:26 am. A private equity firm 3G Capital announced its intention to buy BKC for $4 billion or $24 per share, comprising the assumption of debt.
Orexigen Therapeutics Inc (NASDAQ: OREX) climbed 22.66% to $5.63. OREX has signed a $1 billion licensing deal with the Japan's Takeda Pharmaceutical Co Ltd for the obesity drug, Contrave.
Sycamore Networks Inc (NASDAQ: SCMR) shares advanced 19.31% to $26.51. SCMR has posted upbeat FQ4 results.
Harry Winston Diamond Corporation (NYSE: HWD) shares surged 15.69% to $11.87. HWD swung to profit in the second quarter.
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