ATC Technology Corporation (NASDAQ: ATAC) is trading up after the firm announced a definitive merger to be acquired by GENCO Distribution System for $25.00 per share in cash in a deal worth more than $500 million. Shares are trading up 40% at $24.47 on under 100,000 shares.
BP plc (NYSE: BP) managed to hold the cap on the well and the firm has approval for another day of capped pressure tests, although government pressure has shares lower by over 2% this morning in early trading.
Cypress Biosciences, Inc. (NASDAQ: CYPB) is soaring after Ramius offered to acquire Cypress Bio for $4.00 per share in cash. The market cap was only $96 million before this offer. Shares are up almost 40% but at $3.46 on active volume.
Google Inc. (NASDAQ: GOOG) was defended by Barron’s after a big drop Friday. Barron’s said in its cover story that shares are perhaps 35% undervalued. Shares are trading up almost 1% around the $463 handle.
PetMed Express Inc. (NASDAQ: PETS) did not make the grade on its earnings report. Shares are down 17% at $14.60 on only about 25,000 shares.
VIVUS, Inc. (NASDAQ: VVUS) is weak again after a 55% drop on Friday. Shares are indicated down almost 1% at $5.36 on relatively thin volume.
JON C. OGG
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