Morning Market Gainers

Ann Inc ANN shares jumped 21.93 percent to $47.20 after the company agreed to be acquired by Ascena Retail Group Inc ASNA for $47.00 per share. Armco Metals Holdings, Inc. AMCO climbed 15.75 percent to $1.47 as the company reported financial results for the first quarter on Friday. The company reported a quarterly net loss of $1.03 million, versus a year-ago net loss $3.62 million. Synergy Pharmaceuticals Inc SGYP shares gained 15.45 percent to $4.06 after jumping 1.15 percent on Friday. OraSure Technologies, Inc. OSUR shares rose 11.04 percent to $6.64 after surging 8.93 percent on Friday. Flexible Solutions International, Inc. FSI shares gained 9.55 percent to $1.51 as the company announced Q1 net income of $0.04 per share, versus a year-ago net loss of $0.01 per share on Friday. Ascena Retail Group Inc ASNA shares climbed 8.23 percent to $15.38 after the company announced its plans to purchase Ann Inc ANN for $47 per share. Altera Corporation ALTR shares rose 6.15 percent to $47.15 on a report of renewed talks with Intel Corporation INTC. China Mobile Games and Entertainment Group Limited CMGE shares surged 2.33 percent to $20.85 after the company reported the preliminary non-binding offer from Orient Hongtai (Beijing) Investment Management Co. to purchase the company for $21.50 per ADS in cash. GrafTech International Ltd GTI shares gained 1.82 percent to $5.04 after the company agreed to be acquired by an affiliate of Brookfield Asset Management Inc. (USA) BAM for $5.05 per share.