Market Overview

Morning Market Gainers

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Intra-Cellular Therapies Inc (NASDAQ: ITCI) shares jumped 72.35 percent to $45.00 following the announcement of positive top line results for ITI-007 first Phase 3 trial.

Adept Technology Inc (NASDAQ: ADEP) shares rose 62.07 percent to $12.93 after the company agreed to be acquired by OMRON for $13 per share.

Xencor Inc (NASDAQ: XNCR) gained 20.75 percent to $19.26. Xencor and Amgen, Inc. (NASDAQ: AMGN) reported a strategic collaboration in cancer immunotherapy.

Molson Coors Brewing Company (NYSE: TAP) shares surged 10.82 percent to $80.50 following confirmation of Anheuser Busch Inbev SA (ADR) (NYSE: BUD) proposal to acquire SABMiller plc (ADR) (OTC: SBMRY).

TICC Capital Corp. (NASDAQ: TICC) jumped 9.89 percent to $6.89 after TPG Specialty Lending Inc (NYSE: TSLX) proposed to acquire TICC Capital for $7.50 per share in stock.

Anheuser Busch Inbev SA (ADR) (NYSE: BUD) shares gained 6.66 percent to $115.27 after the company confirmed that it has proposed to acquire SABMiller.

Altria Group Inc (NYSE: MO) shares rose 2.33 percent to $55.37 on AB InBev proposal to acquire SABMiller. Altira owns a 28 percent stake in SABMiller.

Geron Corporation (NASDAQ: GERN) rose 2.25 percent to $3.63 after the company reported the start of Janssen Phase 2 clinical trial of imetelstat in myelofibrosis.

 

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