Dallas,Tx 5/17/2010 10:19:44 PM
News / Business

Morning Big Stock Exchange Movers (ABIO, NLST, PTV, GLG)

Big Stock Movers

 

ARCA biopharma, Inc. (NASDAQ:ABIO) is up 28.57% to $5.47 after today announced that it has reached agreement with the U.S. Food and Drug Administration (FDA) regarding a Special Protocol Assessment (SPA) on the design of a clinical trial to assess the safety and efficacy of bucindolol in approximately 3,200 patients with chronic heart failure who have the genotype that appears to respond most favorably to bucindolol.

 

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Netlist, Inc. (NASDAQ:NLST) soared 10.22% to $3.02 after today announced that it has reached a settlement in the misappropriation of trade secrets and breach of contract lawsuit against Texas Instruments, Incorporated.

 

Pactiv Corporation (NYSE:PTV) surged 21% to $28.98 after the Lake Forest, Ill., maker of consumer and industrial packaging including Hefty brand bags, is discussing a leveraged buyout with the Chicago private-equity firm Apollo Global Management, people familiar with the situation told The Wall Street Journal.

 

GLG Partners, Inc. (NYSE:GLG) soared 48%  to $4.31 after U.K. hedge fund manager Man Group said Monday that it has agreed to buy GLG for $1.6 billion in a deal that will created a firm with around $63 billion of funds under management.

 

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