Morning Market Gainers

Magnetek Inc
(NASDAQ:
MAG
) shares climbed 53.60 percent to $49.53 after
Columbus McKinnon Corp.
(NASDAQ:
CMCO
) announced its plans to buy Magnetek for $50 per share.
MediciNova, Inc.
(NASDAQ:
MNOV
) shares jumped 39.60 percent to $4.90 after the company reported the FDA approval of the second Phase 2 protocol for MN-001 in NASH which targets NASH patients with hypertriglyceridemia.
Xueda Education Group (ADR)
(NYSE:
XUE
) shares rose 35.83 percent to $4.36 after Xiamen Insight Investment Co agreed to acquire Xueda Education Group for $5.50 per ADS.
Teva Pharmaceutical Industries Ltd (ADR)
(NYSE:
TEVA
) surged 9.33 percent to $67.61. Teva announced its plans to buy
Allergan PLC's
(NYSE:
AGN
) generic drugs unit for $40.5 billion in a cash and stock deal. Teva also reported that it has dropped its $40 billion cash and stock bid for
Mylan NV
(NASDAQ:
MYL
).
Allergan PLC
(NYSE:
AGN
) shares gained 7.44 percent to $331.14 after
Teva Pharmaceutical Industries Ltd (ADR)
(NYSE:
TEVA
) announced its plans to buy Allergan's generic drugs unit for $40.5 billion in a cash and stock deal.
Perrigo Company plc Ordinary Shares
(NYSE:
PRGO
) shares surged 3.22 percent to $192.51. Perrigo is expected to release Q2 results on August 5, 2015.
Stratasys, Ltd.
(NASDAQ:
SSYS
) rose 2 percent to $35.15. Dougherty & Company upgraded Stratasys to Buy
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