Morning Market Movers (MIGP, LTON, TSRID, ALRN)

Mercer Insurance Group Inc MIGP shares surged 47.77% to $27.87 by 10:00 am. United Fire & Casualty Company UFCS announced its plans to buy all the outstanding shares of MIGP for $28.25 per share in cash, representing a 49.8% premium to MIGP's closing price on November 30. Linktone Ltd LTON jumped 21.99% to $1.72. LTON reported 43% y/y surge in its Q3 gross revenue. TSR Inc TSRID climbed 19.70% to $7.90. TSRID has announced one-for-two reverse split of its common stock. American Learning Corporation ALRN shares advanced 17.50% to $2.35. ALRN's quarterly revenue advanced 18.80% y/y. Read more from Benzinga's Markets.