NUCRYST Pharmaceuticals Corp. (NASDAQ: NCST) rose over 70% to a yearly high of $1.70. Its rise was driven by the news that Smith & Nephew Plc (NYSE: SNN) has agreed to buy nearly all of NUCRYST’s assets.
Smithfield Foods Inc. (NYSE: SMD) rose over 9% to a yearly high of $17.34. The pork processor was raised to a “buy” by analysts at Deutsche Bank AG.
Garrett W. McIntyre
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