Benzinga's Volume Movers (WTNY, PRGS, NXPI, ARMH)

Whitney Holding Corporation WTNY shares moved up 29.44% to $14.07 at 10:40 am. The volume of WTNY shares traded was 1174% higher than normal. 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. Progress Software Corporation PRGS shares rose 7.04% to $44.07. The volume of PRGS shares traded was 408% higher than normal. PRGS reported 28% y/y rise in its FQ4 net income. NXP Semiconductors NV NXPI shares climbed 8.31% to $20.85. The volume of NXPI shares traded was 311% higher than normal. Dover Corp. DOV agreed to purchase the sound solutions business of NXPI for $855 million. ARM Holdings plc ARMH shares gained 4.50% to $20.67. The volume of ARMH shares traded was 300% higher than normal. According to reports, Microsoft MSFT announced its plans to unveil a new Windows operating system that relies on chips designed by UK-based ARM Holdings. Read more from Benzinga's Markets.