Market Overview

Morning Market Gainers

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Kofax Limited (NASDAQ: KFX) shares jumped 45.73% to $10.93 after the company agreed to be acquired by Lexmark International Inc. (NYSE: LXK) for $11 per share in cash.

Kraft Foods Group, Inc. (NASDAQ: KRFT) shares climbed 31.06% to $80.37 following the announcement of merger with Heinz. H.J. Heinz Company and Kraft Foods Group announced that they have entered into a definitive merger agreement to create a new entity called The Kraft Heinz Company.

Vascular Biogenics Ltd. (NASDAQ: VBLT) shares jumped 16.38% to $6.50 after the company announced interim topline results from Phase 2 clinical trial of VB-111 to treat recurrent glioblastoma. VBL Therapeutics reported a Q4 loss of $0.23 per share.

Stamps.com Inc. (NASDAQ: STMP) shares rose 15.46% to $67.32 after the company announced its plans to acquire Endicia from Newell Rubbermaid (NYSE: NWL) for $215 million in cash.

Lime Energy Co. (NASDAQ: LIME) shares climbed 14.40% to $3.15 after the company reported that it has acquired EnerPath.

Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) shares gained 9.66% to $10.90 after the company reported that its ganaxolone has been granted the FDA Orphan Drug Designation in PCDH19 female epilepsy.

Lexmark International Inc. (NYSE: LXK) shares rose 9.27% to $44.57 after the company announced its plans to buy Kofax for around $1 billion.

Posted-In: Market GainersNews Intraday Update Markets Movers

 

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