Morning Market Movers (CEPH, NLST, BVX, OXM)

Cephalon Inc CEPH shares surged 28.34% to $75.40 at 9:45 am. Valeant Pharmaceuticals International VRX made an unsolicited $5.7 billion offer to purchase Cephalon. Netlist Inc NLST shares advanced 23.55% to $2.99. NLST received 3 patents related to hypercloud memory technology. Bovie Medical Corporation BVX jumped 23.05% to $3.31. BVX shares have dropped 56.96% over the past 52 weeks, while the S&P 500 index has gained 12.46% in the same period. Oxford Industries Inc OXM climbed 18.55% to $29.65. OXM reported its Q4 earnings at $3.22 per share, up from $0.24 per share, in the year-ago period. Read more from Benzinga's Markets.