Morning Market Gainers

Magnetek Inc MAG shares climbed 53.60 percent to $49.53 after Columbus McKinnon Corp. CMCO announced its plans to buy Magnetek for $50 per share. MediciNova, Inc. 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) 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) TEVA surged 9.33 percent to $67.61. Teva announced its plans to buy Allergan PLC's 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 MYL. Allergan PLC AGN shares gained 7.44 percent to $331.14 after Teva Pharmaceutical Industries Ltd (ADR) 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 PRGO shares surged 3.22 percent to $192.51. Perrigo is expected to release Q2 results on August 5, 2015. Stratasys, Ltd. SSYS rose 2 percent to $35.15. Dougherty & Company upgraded Stratasys to Buy