Morning Market Movers

Global Education and Technology Group GEDU shares surged 97.39% to $10.60 at 9:45 am. Pearson PLC PSO has agreed to buy Global Education and Technology Group for $155 million in cash. Pharmasset Inc VRUS surged 85.43% to $134.75. Pharmasset agreed to be bought for $137 per share in cash by Gilead Sciences Inc GILD. Inhibitex Inc INHX climbed 31.91% to $11.78. INHX shares have jumped 302.25% over the past 52 weeks, while the S&P 500 index has gained 1.49% in the same period. eLong Inc LONG shares advanced 21.69% to $17.00. Renren Inc RENN sold its investment in eLong to Expedia Inc EXPE for around $72.4 million.