Market Overview

Morning Market Movers

LeCroy Corporation Announces Voluntary Dismissal of Class Action Lawsuit
UPDATE: Stifel Nicolaus Downgrades LeCroy Corporation to Hold Post Acquisition
Related BTFG
Trustmark, BancTrust Financial Group Receive Regulatory Approval for Merger
Trustmark, Banctrust Aends Merger for Early 2013 Close, Says Latest Possible Closing February 28

LeCroy Corp (NASDAQ: LCRY) shares advanced 54.92% to $14.16 at 9:45 am. Teledyne Technologies Inc (NYSE: TDY) announced its plans to acquire LeCroy for $240.5 million in cash.

BancTrust Financial Group Inc (NASDAQ: BTFG) surged 52.63% to $2.90. Trustmark Corp (NASDAQ: TRMK) announced its plans to buy BTFG for around $55.4 million in a stock deal.

Interline Brands Inc (NYSE: IBI) climbed 40.16% to $25.15. IBI agreed to be acquired by affiliates of GS Capital Partners LP and P2 Capital Partners for $25.50 per share in cash.

China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) surged 29.70% to $1.31. CNTF shares have tumbled 81.96% over the past 52 weeks, while the S&P 500 index has dropped 1% in the same period.

Posted-In: market moversNews Intraday Update Markets Movers


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