CEO offers to buy Landry's Restaurants, while Rediff reports Q3 profit decline
Here are the current biggest percentage gainers and losers among companies with a market cap between $100 million and $750 million:
Biggest percentage gainers:
• Landry’s Restaurants, Inc. (LNY), up 23% on news that CEO Tilman Fertitta has offered to buy out the company for $379.4 million in cash.
• Acorda Therapeutics, Inc. (ACOR), up 22% on news of a positive drug trial.
• Advanta Corp. (ADVNB), up 18%.
Biggest percentage losers:
• Rediff.com India Ltd. (REDF), down 18% on news of a decline in third-quarter earnings.
• Ceragon Networks Ltd. (CRNT), down 18% despite news that it swung to a fourth-quarter profit.
• Graham Corp. (GHM), down 17% despite news that its fiscal 2008 revenue will come in near the top end of its projection for between $80 million and $85 million.
