Dallas,Tx 5/17/2010 10:27:23 PM
News / Business

US Stocks Showing Significant Gains (IFLG, ABIO, GLG, PTV)

US Stocks

 

InfoLogix, Inc. (NASDAQ:IFLG) added 87.97% to $12.50 on high volume. InfoLogix, Inc. and Samsung Telecommunications America announced their plans to collaborate on delivering mobile managed services to customers throughout North America.

 

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ARCA biopharma, Inc. (NASDAQ:ABIO) advances 24.59% to $5.32. The company 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.

 

GLG Partners, Inc. (NYSE:GLG) is up 48.11% to $4.31 on 35.89 million shares. Man Group Plc announced that it has reached agreement on the terms of the recommended acquisition by Man of GLG Partners, Inc. The acquisition values the fully diluted share capital of GLG at approximately USD1.6 billion.

 

Pactiv Corporation (NYSE:PTV) gains 20.94% to $28.99 on high volume. The Wall Street Journal reported Apollo Global Management is in talks to acquire Pactiv Corporation, a deal that would put the maker of Hefty trash bags into private hands.

 

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