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Morning Market Gainers

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Media General Inc (NYSE: MEG) shares surged 20.09 percent to $13.39 following announcement of $14.50 per share offer from Nexstar Broadcasting Group, Inc. (NASDAQ: NXST).

OncoGenex Pharmaceuticals Inc (NASDAQ: OGXI) shares gained 12.50 percent to $2.79 following announcement of positive Phase 3 SYNERGY trial data.

Ballard Power Systems Inc. (USA) (NASDAQ: BLDP) rose 11.97 percent to $1.31 after the company reported the signing of a $6 million seal in China for first global deployment of fuel cell-powered trams.

Vascular Biogenics Ltd (NASDAQ: VBLT) jumped 9.95 percent to $10.83 after the company reported Phase 2 data from trial of VB-111 in rGBM at the ECC 2015 conference.

Knowles Corp (NYSE: KN) shares gained 8.67 percent to $17.79. FBR Capital upgraded Knowles from Underperform to Market Perform and raised the price target from $17.00 to $18.00.

Atmel Corporation (NASDAQ: ATML) shares surged 5.61 percent to $8.47 on report of potential competing offer from Cypress Semiconductor Corporation (NASDAQ: CY).

Alcoa Inc (NYSE: AA) shares rose 3.03 percent to $9.35 after the company announced its plans to split into two companies.

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