Morning Market Movers (FRG, HNSN, DSCI, SGI)

Fronteer Gold Inc FRG jumped 39.52% to $14.51 at 10:00 am. Newmont Mining Corp NEM announced its plans to buy all of the outstanding common shares of FRG for C$2.3 billion by way of a Plan of Arrangement. Hansen Medical Inc HNSN shares advanced 36.71% to $2.16. Philips purchased the rights to market HNSN's technology for an upfront payment of $29 million. Derma Sciences Inc DSCI shares surged 35.53% to $9.04. DSCI reported that its experimental diabetic foot-wound drug met the mid-stage trial goal. Silicon Graphics International SGI climbed 26.33% to $13.77. SGI swung to profit in the December quarter and raised its revenue projections for the year. Read more from Benzinga's Markets.