Gapping Up:
In reaction to strong earnings/guidance: None this morning
M&A news: CCG +19.7% (to be acquired by Harrison Street Real Estate Capital for $7.03/share, or ~$1.9 bln), PMCS +13.3% (MSCC proposes to acquire PMCS for $11.50/share, or ~$2.4 bln; believes its offer constitutes a 'superior proposal' over the Skyworks (SWKS) deal), DBD +3.3% (in talks with Wincor Nixdorf regarding a potential business combination valued at roughly ~$1.8 bln).
Other news: WTW +58.9% (partners with Oprah Winfrey; Winfrey will purchase newly issued shares representing 10% of the shares outstanding, and options to acquire an additional 5% of shares), CPXX +9.6% (announces Positive Recommendation from Data And Safety Monitoring Board for Phase 3 Study Of CPX-351), ZFGN +9.1% (continued volatility), PLX +7.8% (reports positive long term data on PRX-102 for fabry disease; meaningful clinical benefit demonstrated across all key disease parameters reversal in eGFR), OCN +7.5% (to voluntarily pay down $50 mln of its Senior Secured Term Loan Facility, will have ~$476.6 mln outstanding afterwards), PLUG +5.6% (announces that its average production of oil and natural gas was 2.72 mln barrels of oil equivalent per day in September vs. 2.88 mln boed produced in August), TSYS +2.6% (receives delivery order with a $91 mln ceiling contract value from U.S. Army for SNAP deployable satellite systems sustainment), DB +2.5% (reshuffles organizational structure, various upper management roles), NAT +2.5% (favorable commentary on Friday's Mad Money), TKC +1.7% (still checking), ARRS +1.1% (provides update on pending merger with Pace, warns the closing may not occur until late December or 1Q16).
Analyst comments: DRI +0.6% (upgraded to Buy at Maxim Group; tgt $80).