Morning Market Movers (DMED, ICO, VLCM, PFED)

D. Medical Industries Ltd DMED jumped 33.33% to $4.64 at 9:55 am. The US Food and Drug Administration (FDA) granted DMED's subsidiary, Spring-Set Health Solutions Ltd, 510(k) clearance to market its Sprin Universal Infusion Sets in the United States. International Coal Group Inc ICO shares surged 30.51% to $14.40. Arch Coal Inc ACI agreed to acquire ICO for $3.4 billion. Volcom Inc VLCM climbed 23.82% to $24.43. PPR agreed to purchase Volcom for $607.5 million. Park Bancorp Inc PFED shares advanced 20.06% to $3.83. PFED shares have dropped 24.23% over the past 52 weeks, while the S&P 500 index has gained 14.91% in the same period. Read more from Benzinga's Markets.