Aga Medical Holdings, Inc
(NASDAQ:AGAM) skyrocketed 40.72% to $20.70 on unusual
volumes. St. Jude Medical and AGA Medical Holdings, Inc. announced that the
Boards of Directors of both companies have approved a definitive agreement
under which St. Jude Medical will acquire all of the outstanding shares of AGA
Medical for $20.80 per share in a cash and stock transaction valued at
approximately $1.3 billion, including the assumption of approximately $225
million in outstanding debt.
At today`s closing market price, the market
capitalization of the company stands at $1.04 billion.
PharmAthene, Inc. (AMEX:PIP)
closed at $4 or 25.39% higher on over 41.92 million shares. WBB Securities
upgraded its rating on the company to Strong Buy from Buy.
Average
daily volume of the stock is 1.02 million shares.
TerreStar
Corporation (NASDAQ:TSTR) plunged 62.22% to $0.150 on strong
volumes after it made its fresh one-year low of $0.14. This morning, according
to The Wall Street Journal Street, the company is preparing a possible filing
for bankruptcy protection.
Over
the past 52-week, the stock traded within the range of $0.14-$1.98. The volumes
were high at 24.59 million shares as compared to its average daily volume of
2.90 million shares.
Allergan, Inc. (NYSE:AGN)
rose 5.45% to close at $72.61 on
unusual volumes after the Food and Drug Administration given the green signal
for the company’s Botox – for the treatment of chronic migraines.
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