Morning Market Movers (LEGC, ZOOM, WTNY, MOR)

Legacy Bancorp Inc LEGC jumped 43.26% to $12.32 at 10:00 am. Berkshire Hills Bancorp Inc BHLB announced its plans to acquire LGCY for $13 per share. Zoom Technologies Inc ZOOM shares advanced 38.38% to $5.30. ZOOM projected its FY11 net income between $16 and $17 million, up from analysts' estimates of $15.4 million and FY11 revenue between $320 and $340 million, versus analysts' estimates of $326.13 million. Whitney Holding Corporation WTNY climbed 30.63% to $14.20. Hancock Holding Co HBHC agreed to purchase WTNY for $1.5 billion, or $15.48 per share, representing a 42% premium over WTNY's closing price on Tuesday. Morgan Stanley MOR shares surged 23.34% to $13.00. MOR's trailing-twelve-month operating margin is 25.41%. Read more from Benzinga's Markets.