Pompano Beach, FL -- (SBWIRE) -- 09/17/2012 -- IRIS International Inc (NASDAQ:IRIS) climbed up 45.01% to $ 19.46 on a traded volume of 1.18 million shares. The Company has entered into a definitive merger agreement with Danaher Corporation. Danaher Corporation will acquire IRIS International for $19.50 per share or $355 million in cash. The deal is expected to close in the fourth quarter. IRIS will become part of Danaher's Beckman Coulter Diagnostics business after the closing of merger. Citi is acting as financial advisor
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Renewable Energy Group Inc (NASDAQ:REGI) jumped up 27.17 % to $ 7.80 on a traded volume of 499 k shares. The Company admired the announcement by the EPA that the 2013 Renewable Fuels Standard renewable volume obligation will grow to 1.28 billion gallons. Daniel J. Oh, President and CEO of the Company said that this announcement offers certainty throughout the biodiesel supply chain, will grow green collar jobs and enhances nation's energy independence.
The Company is focused on converting natural fats, oils and greases into advanced biofuels. The company is having annual production of more than 210 million gallons of at biorefineries across the country and is a proven biodiesel partner in the distillate marketplace.
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Complete Genomics Inc (NASDAQ:GNOM) moved up 14.42% to $3.06. The Company has entered into a merger agreement with BGI-Shenzhen. BGI-Shenzhen will acquire Complete Genomics Inc for a consideration of $117.6 million or $3.15 per share in cash.
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Office Depot Inc (NYSE:ODP) jumped up 7.29% to $ 2.65 at a traded volume of 7.32 million shares. Starboard Value acquired 13.3% stake in Office Depot Inc. Starboard said that the company is undervalued and a substantial opportunity exist to improve its performance and valuation.
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Bloomin' Brands Inc (NASDAQ:BLMN) moved up 2.71% to $ 14.79.The stock opened at $ 15.65. The Company announced the appointment of Mindy Grossman and David Humphrey to its Board of Directors effective September 6, 2012.
Bank of America Merrill Lynch started coverage with a buy rating and the price target is set at $18.00.
The Company announced that the underwriters in its initial public offering have exercised their option to purchase 1.2 million additional shares from Bloomin' Brands and 1.2 million shares from certain of the selling stockholders at the initial public offering price of $11.00 per share.
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