Mid-Day Market Movers (NHWK, AAI, BIOF, GFNCL)
NightHawk Radiology Holdings Inc (NASDAQ: NHWK) jumped 96.31% to $6.38 at 10:21 am. Virtual Radiologic has agreed to acquire NHWK for $170 million or $6.50 per share in cash, representing a 100% premium over NHWK's closing price on Friday.
AirTran Airways (NYSE: AAI) climbed 59.56% to $7.26. Southwest Airlines (NYSE: LUV) has agreed to acquire AAI for around $1.4 billion, or $7.69 per share, representing a 69% premium to AAI's closing price on Friday.
BioFuel Energy Corp (NASDAQ: BIOF) shares advanced 43.41% to $2.41. BIOF has signed a 6-month bridge loan agreement with Greenlight Capital Inc and Third Point LLC.
General Finance Corporation (NASDAQ: GFNCL) shares surged 38.67% to $2.08. GFNCL reported a 15% y/y rise in its Q4 revenue.
Read more from Benzinga's Markets.
