Morning Market Movers

Ceradyne CRDN shares advanced 42.96% to $34.92 at 9:55 am. 3M MMM announced its plans to acquire Ceradyne for aound $847 million. Fonar FONR surged 27.73% to $4.79. Fonar reported a 108% y/y surge in its total net income for the year ended June 30, 2012. MGIC Investment MTG climbed 18.30% to $1.81. MGIC Investment reported that the amount of the capital contribution from MGIC Investment to Mortgage Guaranty Insurance Corporation is lowered to $100 million. Prima Biomed Ltd PBMD surged 17.91% to $6.78. Prima Biomed had $39.47 million in total cash and no debt for the latest quarter.