This is Thursday’s biggest winner and loser.
Shares of Tempur-Pedic International Inc. (NYSE: TPX) are up 20.65% to $32.31 on trading volume of 4.1 million shares. The company agreed to purchase rival mattress maker Sealy Corp. (NYSE: ZZ) for $2.20 a share. The 52-week high is $87.43.
Shares of Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM) are down 25.31% to $1.24 on trading volume of 11.5 million shares. In a regulatory filing, the company said its lenders demanded payment of $15 million but the company has less than $19 million in cash on hand, according to Reuters. The 52-week low is 39 cents.
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