Morning Market Movers (TSTY, GLBC, AMMD, LVLT)

Tasty Baking Company TSTY shares surged 146.58% to $3.97 at 9:45 am. Flowers Foods Inc FLO announced its plans to acquire TSTY for about $4.00 per share. Global Crossing Ltd GLBC shares advanced 77.70% to $26.30. Level 3 Communications Inc LVLT agreed to purchase GLBC for about $1.9 billion. American Medical Systems Holdings Inc AMMD jumped 32.11% to $29.50. Endo Pharmaceuticals Holdings Inc ENDP agreed to purchase AMMD for about $2.6 billion in cash. Level 3 Communications Inc LVLT climbed 25.65% to $1.81. LVLT agreed to purchase Global Crossing Ltd GLBC for about $1.9 billion. Read more from Benzinga's Markets.