Mid-Day Market Movers (IFLG, GLG, VRAD, IFSB)

InfoLogix Inc IFLG soared 71.58% to $11.42 by 1:32 pm. Samsung, the leading mobile phone provider in the US and IFLG have announced their plans to collaborate on delivering mobile managed services to customers throughout North America. GLG Partners Inc GLG climbed 49.31% to $4.34. GLG is going to be acquired by the rival hedge fund firm Man Group PLC EMG for $1.6 billion. Virtual Radiologic Corp VRAD shares advanced 30.10% to $16.90. The Eden Prairie-based radiology outsourcing company, VRAD, has agreed to be bought by Providence Equity Partners for $294 million. Independence Federal Savings Bank IFSB jumped 23.17% to $1.51. IFSB primarily engages in accepting deposits and generating loans and operates as a federally-chartered savings association in the greater Washington metropolitan area. Read more from Benzinga's Company news.